Shenzhen EXC-LED Technology Co.,Ltd (SZSE:300889) announces a share repurchase program. Under the program, the company will repurchase up to CNY 20 million worth of ordinary A shares. The repurchase price will not be more than 16.5 per share.

The shares repurchased will be used to implement the equity incentive plan or employee stock ownership plan. The source of funds for the share repurchase is the company's own funds. The plan will be valid for 12 months.