Nanning Baling Technology Co., Ltd. (SZSE:002592) announces a share repurchase program. Under the program, the company will repurchase up to CNY 22.17 million worth of its shares. The shares will be repurchased at a price not more than CNY 6.50 per share.

The shares repurchased will be used for employee stock ownership plans or equity incentives. The repurchase program will be valid for 12 months from the date of approval.