Queclink Wireless Solutions Co., Ltd. (SZSE:300590) 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 of not more than CNY 16.56 per share.

The repurchased shares will be used for employee stock ownership plan equity incentives. The program will be valid for a period of 12 months.