United Nova Technology Co.,Ltd. (SHSE:688469) announces a share repurchase program. Under the program, the company will repurchase up to CNY 400 million worth of its shares. The shares will be purchased at a price not exceeding CNY 7 per share.

The repurchased shares will be used for the implementation of ESOP or equity incentive plan at an appropriate time in the future and will be transferred within 3 years after the announcement of the results of the share repurchase and the share changes. If the company fails to do so, then the shares will be cancelled. The program will be funded from company's own funds.

The plan will be valid for 12 months.