Shenzhen Anche Technologies Co., Ltd. (SZSE:300572) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 80 million worth of its shares. The shares will be repurchased at a price not more than CNY 18 per share.

The shares repurchased will be used for employee stock ownership plans or equity incentives, and necessary to maintain the company's value and shareholders' rights. The program will be funded from company's own funds. The program will be valid for not more than 12 months.