Ningbo Ronbay New Energy Technology Co., Ltd. (SHSE:688005) announces a share repurchase program. Under the program, the company will repurchase up to CNY 150 million. The shares will be repurchased at no more than CNY 52.18 per share.

The purpose of the program is to safeguard the company's value and shareholders' rights. The repurchased shares will be cancelled. The program will be funded from company's own funds.

The program will be valid for 3 months.