Harbin Sayyas Windows Co., Ltd. (SZSE:301227) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The shares will be purchased at a price not exceeding CNY 38.5 per share.

The repurchased shares not more than 70% will be used to maintain company value and shareholder rights and the remaining not more than 30% will be used to implement employee stock ownership plan and equity incentives. The unused portion shall be cancelled within 3 years from date of completion of share repurchase program implementation. The program will be valid for not more than 3 months for the use of safeguard company value and shareholders?

interests and not more than 12 months for the use in implementation of employee stock ownership plan or equity incentives.