Sanan Optoelectronics Co., Ltd. (SHSE:600703) announces a share repurchase program. Under the program, the company will repurchase up to CNY 800 million worth of its A shares. The shares will be repurchased at a price of not more than CNY 30 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 or equity incentive plan. The program is valid till for a period of 2 months.