China Transinfo Technology Co., Ltd (SZSE:002373) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 100 million worth of its shares. The shares will be repurchased at a price of not more than CNY 15 per share.

The repurchased shares will be used for future employee stock ownership plans or stock incentives. The shares repurchased will be cancelled. The shares will be repurchased out of own funds of the company.

The plan will be valid for 6 months.