Guoguang Electric Company Limited (SZSE:002045) announces a share repurchase program. Under the program, the company will repurchase up to CNY 400 million worth its shares. The company will pay CNY 18 per share.

The repurchased shares will be used for ESOP or equity incentives. The repurchase period will be not more than 12 months from the Company's Directorate's Approval Date.