Qingdao Copton Technology Company Limited (SHSE:603798) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its shares. The shares will be repurchased at a price not more than CNY 10 per share.

The repurchased shares will be used to safeguard the company's value and shareholders' rights. The repurchases will be made from company's own funds. The authorization will be valid for a period of 3 months.