Ningbo Exciton Technology Co., Ltd. (SZSE:300566) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 50 million worth of its shares. The repurchases will made at maximum price of CNY 27.9 per share.

The repurchased shares will be used for equity incentives or employee stock ownership plans. The shares will be repurchased out of own funds of the company or self-raised funds.