Wuxi Autowell Technology Co.,Ltd. (SHSE:688516) announces a share repurchase. Under the program, the company will repurchase up to CNY 150 million worth of its ordinary class A shares. The shares will be repurchased at a price of not more than CNY 256 per share.

All the shares repurchased this time will be used for employee stock ownership plans or equity incentives. The source of funds for this share repurchase is the company's own funds. The program is valid for 12 months.