JiangSu Zhenjiang New Energy Equipment Co., Ltd. (SHSE:603507) announces a share repurchase program. Under the program, the company will repurchase its A shares for a total of CNY 60 million. The shares will be purchased at a price not exceeding CNY 35 per share.

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