Jiangsu Rijiu Optoelectronics Jointstock Co., Ltd (SZSE:003015) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its A shares. The shares will be repurchased at a price not more than CNY 18 per share.

The purpose of repurchase program is to maintain the company?s value and safeguard the rights and interests of shareholders. Twelve months after the company disclosed the repurchase results and announcement of share changes, it will be sold through centralized bidding transactions, and complete the sale within three years after the announcement of the repurchase results and share changes. If the company fails to complete the sale within the above period, the unsold shares will be canceled according to relevant procedures.

The authorization will be valid for a period of 3 months.