Suzhou Jin Hong Shun Auto Parts Co., Ltd. (SHSE:603922) announces a share repurchase program. Under the program, the company will repurchase up to CNY 15 million worth of its common stock. The shares will be repurchased at a purchase price of CNY 30 per share.

The company plans to use its own funds to repurchase some of the company's issued ordinary. The shares repurchased will be used for employee stock ownership plans and/or equity incentive plans. The program will be valid for 12 months.