Zhenjiang Dongfang Electric Heating Technology Co., Ltd. (SZSE:300217) announces a share repurchase program. Under the program, the company will repurchase up to CNY 70 million worth of shares. The shares will be repurchased at a price of not more than CNY 11.17 per share.

The shares purchased will be used for the company's equity incentive plan or ESOP. The program will be valid for 12 months.