Dalian Huarui Heavy Industry Group Co., LTD. (SZSE:002204) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its A shares. The shares will be repurchased at a price not more than CNY 5.5 per share.

The repurchased shares will be used for equity incentives plan. The authorization will be valid for a period of 12 months.