Sanan Optoelectronics Co.,Ltd (SHSE:600703) announces a share repurchase program. Under the program, the company will repurchase up to CNY 1,000 million worth of its A shares. The shares will be repurchased at a price of not more than CNY 17 per share.

The program will be funded from company?s own or self-raised funds. The repurchased shares will be used to implement employee stock ownership plan. The program is valid till March 31, 2024.