Huizhong Instrumentation Co., Ltd. (SZSE:300371) announces a share repurchase program. Under the program, the company will repurchase up to CNY 16 million worth of its class A common shares. The shares will be purchased at a price not more than CNY 18.05 per share.

The shares repurchased will be used for the equity incentives or employee stock ownership plans. The company will use its own funds to repurchase the shares. The program will be valid for a period of 12 months.