GoodWe Technologies Co., Ltd. (SHSE:688390) announces a share repurchase program. Under the program, the company will repurchase up to CNY 10 million worth of its shares. The shares will be repurchased at no more than CNY 182.81 per share.

The purpose of the program is to use the repurchased shares for employee stock ownership plans or equity incentives. If the company fails to use the shares for said purpose within 3 years of completion of program, the unused shares will be cancelled. The program will be funded from company's own funds.

The plan will be valid for 12 months.