Shenzhen Highpower Technology Co., Ltd. (SZSE:001283) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at a price not more than CNY 60 per share.

The repurchased shares will be used for ESOP, equity incentives, or shares for the conversion of convertible bonds. The authorization will be valid for a period of 6 months.