Beijing New Space Technology Co., Ltd. (SHSE:605178) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 60 million worth of its shares. The shares will be repurchased at a price not more than CNY 29.89 per share.

The shares repurchased will be used for ESOP and/or equity incentives as well as necessary (sale) to maintain company value and shareholders' rights and interests. The repurchase will be funded by the company's own funds. The program will be valid for not more than 12 months.