ENC Digital Technology Co., Ltd (SHSE:603869) announces a share repurchase program. Under the program, the company will repurchase up to CNY 150 million worth of its shares. The shares will be purchased at a price not exceeding CNY 14.60 per share.

The program will be funded from company's own funds. The repurchased shares will be used for the implementation of equity incentives plan. The program will be valid for a period of 12 months.