Zhejiang Jiaao Enprotech Stock Co., Ltd (SHSE:603822) announces a share repurchase program. Under the program, the company will repurchase its own shares for a total of CNY 15 million. The shares will be purchased at a price not exceeding CNY 36.289 per share.

The repurchased shares will be used for the implementation of employee stock ownership plan or equity incentive. If the company fails to use the shares for above purposes within 3 years after the announcement of the repurchase results and share changes, the unused repurchased shares will be repurchased according to relevant laws. The program will be funded from company's own funds.

The program will be valid for 12 months.