Hangzhou Huning Elevator Parts Co., Ltd. (SZSE:300669) announces a share repurchase program. Under the program, the company will repurchase CNY 20 million worth of its shares. The shares will be purchased for no more than CNY 19 per share.

The company will be using its own capital to fund the repurchases. The repurchased shares will be used for equity incentives. The program will be valid for 6 months.