Jiangxi Special Electric Motor Co.,Ltd (SZSE:002176) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 100 million worth of its shares. The shares will be repurchased at a price not more than CNY 20 per share.

The program will be funded using the company's own funds. The repurchased shares will be used for the implementation of equity incentives or employee stock ownership plans. The program will be valid for a period of 12 months.