Fujian Highton Development Co., Ltd. (SHSE:603162) announces a share repurchase program. Under the program, the company will repurchase up to CNY 40 million worth of its shares. The repurchase price will not more than CNY 20 per Share. The upper limit of the price shall not be higher than 150% of the average trading price of the company's stock in the 30 trading days before the company's board of directors passed the resolution on the share repurchase plan. The repurchases will be funded using company's own funds. Repurchased shares will be used for employee shareholding plan or as equity incentive plan. The repurchase period will be not more than 6 months.

On April 25, 2024, the company announced that after the 2022 equity profit distribution, the company adjusted the maximum repurchase price from not more than CNY 20 per share to not more than CNY 13.42 per share, effective May 6, 2024, onwards.