Nanjing Putian Telecommunications Co., Ltd. (SZSE:200468) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 0.58% of it's issued share capital for CNY 3 million worth of it's B shares. The shares will be repurchased at maximum price of HKD 2.64 per share.

The purpose of repurchase program is to maintain the company's value and shareholders' interests. The repurchased shares will be sold through centralized bidding transactions and if not the company will cancel it before the expiration of the period in accordance with relevant repurchase rules and regulatory guidelines. The repurchase program is subject to shareholder's approval.

The shares will be repurchased from company's own funds. The repurchase program is valid for 3 months from shareholder's meeting's approval.