Beijing Yupont Electric Power Technology Co., Ltd. (SHSE:688597) announces a share repurchase program. Under the program, the company will repurchase up to CNY 150 million worth of its shares. The shares will be repurchased at a price not more than CNY 10 per share.

The repurchased share will be used to safeguard the company's value and shareholders' rights. The company plans plans to use its own funds or self-raised funds to repurchase its shares. The program will be valid for a period of 3 months.