Xuancheng Valin Precision Technology Co., Ltd. (SHSE:603356) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The shares will be repurchased at a price not more than CNY 20.92 per share.

The repurchased shares will be used for employee stock ownership plan or equity incentives. The repurchases will be funded from company's own funds. The authorization will be valid for a period of 6 months.