Changzhou Architectural Research Institute Group Co.,Ltd (SZSE:301115) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The shares will be repurchased at a price not more than CNY 22 per share.

The repurchased shares will be used for ESOP or equity incentives. Repurchases will be funded using part of company's super-raised funds. The authorization will be valid for a period of 12 months.

As of February 29, 2024, the company had 185,248,000 shares outstanding.