Zhejiang Jingsheng Mechanical & Electrical Co., Ltd. (SZSE:300316) announces a share repurchase program. Under the program, the company will repurchase CNY 100 million worth of its shares. The shares will be purchased at a price not exceeding CNY 80 per share.
The repurchased shares will be used for the implementation of ESOP or equity incentive plan. The program will be funded from company's own funds. The repurchase program is valid for 12 months.