SBT Ultrasonic Technology Co.,Ltd. (SHSE:688392) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at no more than CNY 102.56 per share.

The purpose of the program is to to safeguard the company's value and shareholders' rights. The program will be funded from the part of the excess funds obtained from the company?s initial public offering of RMB ordinary shares. The plan will be valid for 3 months.