Zhejiang Weigang Technology Co., Ltd. (SZSE:001256) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of its shares. The shares will be purchased at a price not exceeding CNY 25 per share.

The repurchased shares will be used for employee stock ownership plans or equity incentive plans. The program will be funded from company's own funds. The program will be valid for 12 months.