Zhejiang Dongwang Times Technology Co., Ltd. (SHSE:600052) announces a share repurchase program. Under the program, the company will repurchase up to CNY 130 million worth of its shares. The shares will be repurchased at a price not more than CNY 5.5 per share.

The purpose of the program is to maintain the Company's value and shareholder rights. The program will be valid for 3 months.