Guangdong Fuxin Technology Co., Ltd. (SHSE:688662) announces a share repurchase program. Under the program, the company will repurchase its own shares for a total of CNY 50 million. The shares will be purchased at a price not exceeding CNY 30 per share.

The repurchased shares will be used for the implementation of ESOP or equity incentive plan. If the company fails to implement the above purposes within three years after announcing the repurchase results and share changes, or if all the repurchased shares are not used for the above purposes, the unused portion will be cancelled in accordance with the law. The program will be funded from company's own funds.

The program will be valid for 12 months.