BIWIN Storage Technology Co., Ltd. (SHSE:688525) announces a share repurchase program. Under the program, the company will repurchase its own shares. The purpose of the program is to safeguard the company's value and shareholders' rights and enhance investor confidence. The repurchased shares will be used for employee stock ownership plans or equity incentives. The company will use its own funds to repurchase shares. The program is valid for 1 month.

May 20, 2024, the company announced that it has adjusted the purpose of the program from ?as employee shareholding plan or equity incentive? to ?used for the cancellation and reduction of the corresponding registered capital?.