Shenyu Communication Technology Inc. (SZSE:300563) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of its shares. The shares will be repurchased at a price of not more than CNY 35 per share. The program will be funded out of the company's own funds. The repurchased shares will be used for employee stock ownership plans or stock incentives and the unused shares will be cancelled. The program is valid till earlier of 6 months or the date when the maximum authorization is utilized, unless terminated by the Board.