Yusys Technologies Co., Ltd. (SZSE:300674) announces a share repurchase program. Under the program, the company will repurchase up to CNY 150 million worth of its shares. The shares will be purchased at a price not exceeding CNY 22.26 per share.

The purpose of the program is to fully safeguard the interests of the company and the majority of investors, enhance investor confidence, and further improve the company's long-term incentive mechanism, promote the company's sustainable operation, health and For long-term stable development. The repurchased shares will be used for employee stock ownership plans or equity incentive plans, otherwise will be cancelled if the company fails to transfer them within the time limit stipulated by relevant laws and regulations. The program will be funded from company's own funds and self-raised funds.

The program will be valid for 12 months.