PNC Process Systems Co., Ltd. (SHSE:603690) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 54 per share.

The shares purchased will be used for the company's equity incentive plan. The program will be funded out of the company's own funds or other legal funds. The program will be valid till earlier of October 19, 2022.