Shenzhen Zhilai Sci and Tech Co., Ltd. (SZSE:300771) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, for CNY 72.75 million. The repurchase price will not be more than CNY 14.55 per share.

The shares repurchased will be used for ESOP or equity incentives. The program will be valid for 12 months.