Ningbo Water Meter (Group) Co., LTD. (SHSE:603700) announces a share repurchase program. Under the program, the company will repurchase up to no more than CNY 100 million worth of its A shares. The shares will be repurchased at a price of CNY 30 per share.

The purpose of the share repurchases is for equity incentive plan. The company will use its own funds. The program is valid for 12 months.