Changgao Electric Group Co., Ltd. (SZSE:002452) announces a share repurchase program. Under the program, the company will repurchase up to CNY 160 million worth of its shares. The repurchase price will not more than CNY 9.19 per Share.

The repurchased shares will be used for employee stock ownership plan or equity incentives. The repurchases will be funded using company's own funds. The repurchase period will be not more than 6 months.