Suzhou Harmontronics Automation Technology Co., Ltd (SHSE:688022) 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 49.88 per share.

The repurchased shares will be used for ESOP or equity incentives. The program will be valid for a period of 6 months.