Eaglerise Electric & Electronic (China) Co., Ltd (SZSE:002922) announces a share repurchase program. Under the program, the company will repurchase up to CNY 120 million worth of its Class A shares. The shares will be repurchased at no more than CNY 22 per share.

The purpose of the program is to use shares for ESOP or equity incentives. The program will be valid for 12 months.