Tellgen Corporation (SZSE:300642) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its ordinary A shares. The shares will be repurchased at a price of not more than CNY 50 per share. The shares repurchased will all be used for subsequent implementation of equity incentives or employee stock ownership plans. If the company fails to use it for the aforementioned purposes within 36 months from the date of completion of the share repurchase, the unused part shall be cancelled. The company intends to use its own funds to repurchase its shares. The program will be valid for a period of 12 months.