OKE Precision Cutting Tools Co., Ltd. (SHSE:688308) 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 a price not more than CNY 53 per share.

The shares repurchased will be used for ESOP or equity incentives. The repurchase period will be not more than 12 months from approval of the program.