Jiangsu Huahong Technology Co., Ltd. (SZSE:002645) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of its shares. The shares will be purchased at a price not exceeding CNY 15.68 per share.

The repurchased shares will be used for the implementation of ESOP or equity incentive plan. The program will be valid for 12 months.