Shenzhen AOTO Electronics Co., Ltd. (SZSE:002587) announces a share repurchase program. Under the program, the company will repurchase up to CNY 20 million worth of its shares. The repurchase price will not exceed CNY 8 per share.

The repurchased shares will be used to implement employee stock ownership plans or equity incentive plans. The company will use its own funds to repurchase the shares. The plan is valid for 6 months.

As of February 5, 2024, the company had 651,544,156 shares outstanding.