Fujian Torch Electron Technology Co., Ltd. (SHSE:603678) announces a share repurchase program. Under the program, the company will repurchase up to CNY 25 million worth of its Class A shares. The shares will be repurchased at a price of CNY 35 per share.

The repurchased shares will be used to safeguard the company's value and shareholders' rights. The program will be funded from company's own funds. The program is valid till April 11, 2024.