Topsec Technologies Group Inc. (SZSE:002212) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its common stock. The shares will be purchased at a price of CNY 25 per share. The company will use its own funds for the repurchase program. The purpose of the program is to implement equity incentives or employee stock option plans. The program will be valid for a period of 12 months.

On July 1, 2022, the company announced that it has adjusted its share repurchase price from CNY 25 per share to CNY 24.98 per share.