Universal Scientific Industrial (Shanghai) Co., Ltd. (SHSE:601231) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The shares will be repurchased at a price no more than CNY 15.50 per share.

The purpose of the program is to use the repurchased shares for employee stock ownership plan. The program will be funded from company's own funds. The program will be valid till August 6, 2024.