Xiamen Guangpu Electronics Co., Ltd. (SZSE:300632) announces a share repurchase program. Under the program, the company will repurchase up to CNY 150 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 18 per share.

The shares purchased will be used for the company's employee stock ownership plans or equity incentive plans. The program will be funded out of the company's own funds or loans from financial institutions. The program will be valid till 12 months.