Cosonic Intelligent Technologies Co., Ltd. (SZSE:300793) announces a share repurchase program. Under the program, the company will repurchase up to CNY 80 million worth of its A shares. The shares will be repurchased at a price not more than CNY 22 per share.

The repurchases will be funded from own funds. The repurchased share will be used for employee stock ownership plan and equity incentives. The program will be valid for a period of 12 months.