Shenzhen S.C New Energy Technology Corporation (SZSE:300724) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its A shares. The shares will be repurchased at a price not exceeding CNY 120 per share.

The shares repurchased will be used for employee stock ownership plans or equity incentives. The company intends to use its own funds to repurchase shares. The repurchase program will be valid for 12 months.