Kaile Science and Technology Co;Ltd.Hubei (SHSE:600260) commences share repurchases on October 9, 2019, under the program mandated by the shareholders in the Special Shareholders' Meeting held on November 8, 2018. As per the mandate, the company is authorized to repurchase class A shares for not more than CNY 600 million. The shares will be repurchased at a price not more than CNY 30 per share. The repurchases will be funded using company's own funds or self-raised funds. The repurchased shares will be used for the implementation of ESOP or equity incentive plan, otherwise will be cancelled. The repurchase program is valid for a period of 6 months from shareholders' approval.