Hangzhou MDK Opto Electronics Co., Ltd (SHSE:688079) announces a share repurchase program. Under the program, the company will repurchase up to CNY 40 million worth of its Class A shares. The shares will be repurchased at a price of CNY 21 per share.

The source of funds for the repurchase is its own funds. The purpose of the repurchase is to implement equity incentives. The program will be valid for 12 months.