Chengdu Qinchuan IoT Technology Co.Ltd. (SHSE:688528) announces a share repurchase program. Under the program, the company will repurchase up to CNY 80 million worth of its shares. The shares will be repurchased at a price of not more than CNY 12.25 per share.

The shares will be used to Maintain company value and shareholders? equity. The repurchase period will be not more than 3 months.