Hisense Visual Technology Co., Ltd. (SHSE:600060) announces a share repurchase program. Under the program, the company will repurchase up to CNY 753.42 million worth of its shares. The shares will be repurchased at a price of not more than CNY 30 per share.

The repurchases will be funded from company?s own funds. The purpose of the program is to use it as equity incentive or employee shareholding plan. The program will be valid for a period of 12 months.