Luenmei Quantum Co.,Ltd (SHSE:600167) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its A common stock. The shares will be repurchased at a price not more than CNY 8.7 per share.

The repurchased shares will be used for employee stock ownership plans or equity incentives. The program will be valid for a period of 12 months.