Hangzhou MDK Opto Electronics Co., Ltd (SHSE:688079) announces a share repurchase program. Under the program, the company will repurchase up to CNY 10 million worth of its Class A shares. The shares will be repurchased at a price of CNY 15.75 per share.

The repurchased shares will be used for ESOP or equity incentives. The program will be valid for 12 months.