Chengdu Xiling Power Science & Technology Incorporated Company (SZSE:300733) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its shares. The price for repurchasing shares shall not exceed CNY 17.47 per share.

The shares repurchased will be used for employee stock ownership plans or equity incentives. The source of funds for share repurchase is the company's own funds. The program will be valid for 12 months.