Guangdong Fuxin Technology Co., Ltd. (SHSE:688662) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its shares. The shares will be repurchased at a price not more than CNY 35 per share. The repurchased shares will be used for employee stock ownership plans and equity incentives. The program will be valid for a period of 12 months.

On May 24, 2022, the company announced that it has adjusted the maximum repurchase price to not more than CNY 34.60 per share.