Zhejiang Dahua Technology Co., Ltd. (SZSE:002236) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 600 million worth of its shares. The shares will be repurchased at a price of not more than CNY 31.71 per Share.

The repurchased shares will be used for ESOP or equity incentives. The source of funds for this share repurchase is the company?s own funds. The program is valid for 12 months.