Lingyi iTech (Guangdong) Company (SZSE:002600) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of shares. The price of the repurchased shares will not exceed CNY 7.50 per share.

The purpose of this repurchase is employee stock ownership plan or equity incentive. The program is valid for 12 months.