Jiangsu JIXIN Wind Energy Technology Co., Ltd. (SHSE:601218) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its stock. The shares will be repurchased at a price of CNY 8.94 per share.

The buyback will be sourced from company's own funds. The shares repurchased are intended to be used to implement equity incentives or employee stock ownership plans. The program will be valid for 6 months.