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 400 per share.

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.