Jiangsu Safety Wire Rope Co., Ltd. (SHSE:603028) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 50 million worth of its Class A shares. The repurchase price will not be more than CNY 13.8 per share. The repurchases will be funded using the company's own funds. The repurchased shares will be used for equity incentives or employee stock ownership plans. The program will be valid for a period of 12 months.

On July 14, 2022, the company announced that it has adjusted its repurchase price from CNY 13.8 per share to CNY 13.74 per share.