Bomin Electronics Co., Ltd. (SHSE:603936) announces a share repurchase program. Under the program, the company will repurchase up to CNY 120 million worth of its shares. The shares will be repurchased at a price not more than CNY 16 per share.

The repurchased shares will be used to implement equity incentives or ESOP. If the company fails to use repurchased shares for said purpose within 3 years of completion of repurchase program, the unused shares will be cancelled in accordance with the law. The program will be funded from company's own funds.

The repurchase program will be valid for 6 months.