Jiangsu Feymer Technology Co., Ltd. (SHSE:688350) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its A shares. The shares will be repurchased at a price not more than CNY 25 per share. The repurchased shares will be used for the employee stock ownership plans and equity incentives. The company will use its own fund to fund the repurchases. The authorization will be valid for a period of 12 months.

On May 13, 2022, the company announced that it has adjusted its repurchased price to CNY 24.60 per share.