Beiqi Foton Motor Co., Ltd. (SHSE:600166) announces a share repurchase program. Under the program, the company will repurchase up to CNY 300 million worth of its shares. The shares will be repurchased at a price of not more than CNY 3.5 per share.

The program will be funded from the company?s own funds. The program will be funded from company's own funds. The program will be valid for 12 months from the date of the Board of Director?s meeting.