iRay Technology Company Limited (SHSE:688301) announces a share repurchase program. Under the program, the company will repurchase up to CNY 20 million worth of its A shares. The shares will be repurchased at a price not more than CNY 345 per share.

The company plans to use its own funds to repurchase its shares. The repurchased shares will be used for employee stock ownership plan and/or equity incentive. The program will be valid for a period of 6 months.