Jiangsu General Science Technology Co., Ltd. (SHSE:601500) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 7 per share.

The repurchased shares will be used for future equity incentives or employee stock ownership plans. The program will be funded from company's own funds. The program will be valid for 12 months.