Zhejiang Jiemei Electronic And Technology Co., Ltd. (SZSE:002859) 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 not more than CNY 34 per share.

The company intends to use its own funds for repurchase of shares. The purpose of the program is equity incentive or as employee shareholding plan. The program will be valid for 7 months.