Zhejiang Zhengguang Industrial Co., Ltd. (SZSE:301092) announces a share repurchase program. Under the program, the company will repurchase up to CNY 20 million worth of its shares. The repurchase price shall not exceed CNY 36 per share.

The repurchased shares will be used for employee stock ownership plans or equity incentives. The source of funds used to repurchase shares is the company?s own funds. The repurchase period is 12 months.

As of February 6, 2024, the company had 133,693,484 shares outstanding.