Shenzhen Topband Co., Ltd. (SZSE:002139) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its A shares. The shares will be repurchased at a price not exceeding CNY 16 per share.

The shares repurchased will be used to implement equity incentives or employee stock ownership plans for the company's core backbone employees. The company intends to use its own funds to repurchase its own shares. The program will be valid for a period of 12 months.