Zhejiang Baida Precision Manufacturing Corp. (SHSE:603331) announces a share repurchase program. Under the program, the company will repurchase up to 3,000,000 A shares, representing 1.68% of its issued share capital for CNY 45 million. The shares will be repurchased at a price of not more than CNY 15 per share. The shares purchased will be used for the company's employee stock ownership plans (ESOP) or equity incentives. The program will be funded out of the company's own funds. The program will be valid till 12 months.