Suzhou Hengmingda Electronic Technology Co., Ltd. (SZSE:002947) 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 purchased at a price not exceeding CNY 42.90 per share.

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