Zhongji Innolight Co., Ltd. (SZSE:300308) announces a share repurchase program. Under the program, the company will repurchase up to CNY 600 million worth of it A shares. The shares will be purchased at a price not exceeding CNY 40 per share.

The repurchased shares will be used for the implementation of ESOP or equity incentive plan. If the company fails to use the repurchased in the aforementioned ways, within 36 months, then the shares will be cancelled. The program will be funded from company's own funds.

The program will be valid for 12 months.