Chongqing Wangbian Electric (Group) Corp., Ltd. (SHSE:603191) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The repurchase price will not more be than CNY 23.41 per share.

The shares repurchased will be used for ESOP or equity incentives. The program will be funded from company's own funds. The program will be valid for 12 months.