Ningbo Ligong Environment And Energy Technology Co.,Ltd (SZSE:002322) announces a share repurchase program. Under the program, the company will repurchase up to CNY 180 million worth of its A shares. The shares will be repurchased at a price not more than CNY 18 per share.

The repurchased shares will be used for equity incentives or employee stock ownership plans. The company will use its own funds to repurchase its shares. The program will be valid for not more than 12 months.