Elec-Tech International Co., Ltd. (SZSE:002005) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of its ordinary A shares. The shares will be repurchased at a price not more than CNY 2.20 per share.

The shares repurchased will be used for employee stock ownership plans or equity incentives. The program will be funded with company's own funds or self-raised funds. The program will be valid for a period of 12 months from the date of approval.