Guangzhou Jet Bio-Filtration Co., Ltd. (SHSE:688026) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its Class A shares. The company will use CNY 20 million for ESOP or equity incentives and CNY 20 million for maintaining company value and shareholder rights.

The shares will be repurchased at no more than CNY 19.36 per share. The plan will be valid for 12 months for the share repurchase plan for the employee shareholding plan or as equity incentive and will be no more than 3 months after the repurchase plan was approved in the resolution of the company?s board of directors.