Shanghai Liangxin Electrical Co.,LTD. (SZSE:002706) announces a share repurchase program. Under the program, the company will repurchase up tp CNY 200 million worth of its class A shares. The shares will be repurchased at a price of CNY 19 per share.

The repurchased shares will be used for equity incentives or employee stock ownership plans. The source of funds for the share repurchase is the company's own funds. The repurchase program is valid for a period of 12 months from shareholders' approval.