Henan Tong-Da Cable Co., Ltd. (SZSE:002560) announces a share repurchase program. Under the program, the company will repurchase up to CNY 2.44 million worth of its A shares. The shares will be repurchased at a price of not more than CNY 8.92 per share.

The repurchased shares will be used for implementation of equity incentives or employee stock ownership plans. The company will use its own funds to repurchase its shares. The program will be valid for 12 months from the date of shareholder's approval.