Zhongyan Technology Co., Ltd. (SZSE:003001) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of its A shares. The shares will be repurchased at a price of not more than CNY 22.50 per share. The repurchased shares will be used to implement equity incentives or employee stock ownership plans. The company will repurchase the shares with its own funds. The authorization will be valid for a period of 12 months.

On July 13, 2023, the company announced that after the 2022 profit distribution, it adjusted the maximum repurchase price from not more than CNY 22.50 per share to not more than CNY 22.35 per share.