Hexing Electrical Co.,Ltd (SHSE:603556) announces a share repurchase program. Under the program, the company will repurchase o more than CNY 50 million worth of its Class A shares at a repurchase price of not more than CNY 15 per share. The repurchased shares will be used for equity incentives or employee stock ownership plans.

The program will be funded from the company's own funds. The program will be valid for a period of 12 months.