Beijing BDStar Navigation Co., Ltd. (SZSE:002151) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its A shares. The shares will be repurchased at a price not exceeding CNY 50 per share.

The company will repurchase its shares in order to implement its equity incentive or employee stock ownership plan. The company plans to use its own fund to repurchase its shares. The program will be valid for a period of 12 months.