Xi'an Actionpower Electric Co., Ltd. (SHSE:688719) announces a share repurchase program. Under the program, the company will repurchase up to CNY 116.83 million worth of its shares. The shares will be purchased at a price not exceeding CNY 73.02 per share.

The repurchased shares will be used for equity incentives, otherwise will be cancelled if the company fails to transfer them within the time limit stipulated by relevant laws and regulations. The program will be funded from oversubscribed funds obtained from the company's initial public offering of RMB common shares. The program will be valid for 12 months.