Shanghai Awinic Technology Co.,Ltd. (SHSE:688798) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The shares will be repurchased at a price not more than CNY 180 per share.

The repurchases will be funded using the company's own funds. The shares repurchased will be used for employee stock ownership and/or equity incentive plans. The program will be valid for a period of 12 months.