Nanjing Quanxin Cable Technology Co., Ltd. (SZSE:300447) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The shares will be repurchased at no more than CNY 14 per share.

The purpose of the program is to use the repurchased shares for employee stock ownership plans or equity incentives. The program will be funded from company's own funds. The program will be valid for a period of 12 months.