Changchun High-Tech Industries (Group) Inc. (SZSE:000661) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 120 million worth of its shares. The shares will be repurchased at a price not more than CNY 160 per share.

The repurchased shares will be used for equity incentives of the company and subsidiaries? core team. The program will be valid for a period of 12 months.