Shenzhen Fenda Technology Co., Ltd. (SZSE:002681) announces a share repurchase program. Under the program, the company will repurchase up to CNY 120 million worth of its ordinary shares. The shares will be repurchased at a price not more than CNY 7 per share.

The repurchased shares will be used for equity incentive plans or employee stock ownership plans. The shares will be repurchased from company's own funds. The authorization will be valid for a period of 12 months.