Zhejiang Meilun Elevator Co., Ltd. (SHSE:603321) announces a share repurchase program. Under the program, the company will repurchase up to CNY 80 million worth of its Class A shares. The shares will be repurchased at a price not more than CNY 10 per share.

The repurchased shares will be used for ESOP or equity incentives. The program will be valid till 12 months.