Suzhou Secote Precision Electronic Co.,LTD (SHSE:603283) announces a share repurchase program. Under the program, the company will repurchase up to CNY 400 million worth of its shares. The repurchase price shall not be more than CNY 60.58 per share.

The repurchased shares shall be used as equity incentive or as employee shareholding plan. The program will be valid for a period of 12 months.