AVCON Information Technology Co., Ltd. (SZSE:300074) announces a share repurchase program. Under the program, the company will repurchase up to CNY 20 million worth of its shares. The shares will be repurchased at a price not more than CNY 5.59 per share.

The repurchased shares will be used for Equity incentive. The authorization will be valid for a period of 12 months.