Guangzhou Shiyuan Electronic Technology Company Limited (SZSE:002841) 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 more than CNY 79.93 per share.

The repurchased shares will be used for equity incentives or employee stock ownership plans. The source of fund for the repurchases will be company's own funds. The program will be valid for a period of 12 months.