Qingdao TGOOD Electric Co., Ltd. (SZSE:300001) announces a share repurchase program. Under the program, the company will repurchase up to CNY 300 million worth of its shares. The shares will be repurchased at a price of CNY 25 per share.

The purpose of the program is to use the repurchased shares for employee stock ownership plans or equity incentives at appropriate times in the future. The program will be valid for a period of 12 months.