SEP Analytical (Shanghai) Co., Ltd. (SZSE:301228) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The shares will be repurchased at a price not more than CNY 23.70 per share.

Shares repurchased will be used for employee stock ownership plans or equity incentives. The source of funds for repurchases is private capital. The program will be valid for no more than 12 months from the day when the board approves the share repurchase plan.