Jiangxi Huawu Brake Co.,Ltd. (SZSE:300095) announces a share repurchase program. Under the program, the company will repurchase up to CNY 160 million worth of its A shares. The shares will be repurchased at a price not more than CNY 16 per share.

The repurchased shares will be used for employee stock ownership plan or equity incentive plan. The company intends to use its own funds to repurchase its own shares. The program will be valid for 12 months.