Ningbo Fangzheng Automobile Mould Co.,Ltd. (SZSE:300998) announces a share repurchase program. Under the program, the company will repurchase CNY 30 million worth of its A shares. The shares will be repurchased at a price of not more than CNY 30 per share.

The purpose of the program is to use repurchased shares for ESOP or equity incentives. The program is valid for 12 months.