PowerTECH Co., Ltd. (SZSE:301369) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its A shares. The shares will be repurchased at a price not more than CNY 43 per share.

The repurchased shares will be used for equity incentives or ESOP. The authorization will be valid for a period of 12 months.