Suzhou HYC Technology Co.,Ltd. (SHSE:688001) announces a share repurchase program. Under the program, the company will repurchase up to CNY 40 million worth of its shares. The company will repurchase CNY 20 million of its shares to be used for employee stock ownership plans or equity incentives and CNY 20 million of its shares for maintaining the company's value and shareholders' rights and interests.

The shares will be repurchased at a price no more than CNY 43 per share. The program will be funded from company's own funds. The program will be valid for a period of 12 months for the purpose of repurchasing shares for employee stock ownership plans or equity incentives and for 3 months for the purpose of repurchasing shares for maintaining the company's value and shareholders' rights and interests.