Guangdong Xinbao Electrical Appliances Holdings Co., Ltd (SZSE:002705) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at a price of CNY 30 per share. The repurchased shares will be used for ESOP or equity incentives. The program will be valid for a period of 12 months.