Hainan Drinda New Energy Technology Co., Ltd. (SZSE:002865) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its A shares. The shares will be repurchased at a price not more than CNY 150 per share. The company plans to use its own funds to repurchase shares. The repurchased shares will be used for equity incentive plans or employee stock ownership plans. The program will be valid for 9 months.

The company had adjusted the purchase price per share to 149.26 per share.