Zhejiang Meili High Technology Co., Ltd. (SZSE:300611) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its shares. The repurchase price will not exceed CNY 12.80 per share.

The repurchased shares will be used for employee stock ownership plans and equity incentives. The program will be funded from company's own funds. The plan is valid for 12 months.