Shenzhen Inovance Technology Co.,Ltd (SZSE:300124) announces a share repurchase program. Under the program, the company will repurchase up to 0.11% of its issued share capital, for CNY 200 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 70 per share.

The shares purchased will be used for the company's ESOP or equity incentives. The source of funds for the share repurchase is the company's own funds The program will be valid for 4 months.