Suzhou Douson Drilling & Production Equipment Co.,Ltd. (SHSE:603800) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The shares will be repurchased at a price not more than CNY 30 per share.

The shares repurchased will be used for employee stock ownership plan. Repurchases will be funded using company's own funds. The repurchase period will be not more than 12 months.

As of February 6, 2024, the company had 208,000,000 shares outstanding.