Tianjin Meiteng Technology Co., Ltd (SHSE:688420) announces a share repurchase program. Under the program, the company will repurchase its A shares for a total of CNY 70 million. The shares will be purchased at a price not exceeding CNY 35 per share.

The repurchased shares will be used for the implementation of ESOP or equity incentive plan. The program will be valid for 12 months.