Wuxi Autowell Technology Co.,Ltd. (SHSE:688516) announces a share repurchase program. Under the program, the company will repurchase up to CNY 70 million. The shares will be purchased at a price not exceeding CNY 200 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.

On November 21, 2023, the company announced that it has adjusted the repurchase price from not more than CNY 200 per share to not more than CNY 137.93 per share.