Nanjing Toua Hardware and Tools Co., Ltd. (SZSE:301125) announces a share repurchase program. Under the program, the company will repurchase up to CNY 10 million worth of its shares. The shares will be repurchased at a price of not more than CNY 18 per share.

The The purpose of the program is to safeguard the company's value and shareholders' rights. If the company fails to use the repurchased shares for the said purpose within 3 years of the completion of the program, the unused shares will be cancelled. The company will use its own funds or self-raised funds for program.

The plan will be valid for 3 months.