Zhejiang Jingsheng Mechanical & Electrical Co., Ltd. (SZSE:300316) announces a share repurchase program. Under the program, the company will repurchase up to CNY 120 million worth of its shares. The shares will be repurchased at a price not more than CNY 65 per share. The repurchased shares will be used for the implementation of equity incentives or employee stock ownership plans. The company plans to use its own funds to repurchase its shares. The program will be valid for a period of 12 months.

On June 3, 2022, the company announced that it has adjusted its repurchase price to CNY 64.72 per share.