Zhejiang Cangnan Instrument Group Company Limited (SEHK:1743) announces a share repurchase program. Under the program, the company will repurchase 17,901,167 class H shares representing 25.65% of its issued share capital. The shares will be repurchased at a price of HKD 22 per share. The purpose of the program is to save cost and expenses associated with regulatory compliance. The offer will be funded from internal cash resources. The program is subject to approval of the passing of the resolution in a H Shareholders Class Meeting. The program is valid till June 28, 2201. As of March 30, 2021, the company had 69,791,167 shares in issue.