Zhejiang MTCN Technology Co.,Ltd. (SZSE:003026) announces a share repurchase program. Under the program, the company will repurchase up to CNY 20 million worth of its shares. The repurchase price will not more than CNY 40 per Share.

The repurchased shares will be used for ESOP or equity incentives. The repurchase period will be not more than 12 months.