Long Young Electronic (Kunshan) Co., Ltd. (SZSE:301389) announces a share repurchase program. Under the program, the company will repurchase up to CNY 26 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 21.47 per share.

The repurchased shares will be used to maintain the company?s value and safeguard the rights and interests of shareholders and Employees? shareholding plan, equity incentive plan, or underlying shares of convertible bonds to be issued in the future . The program will be valid for 12 months.