Chongqing VDL Electronics Co., Ltd. (SZSE:301121) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of its A shares. The shares will be repurchased at a price not more than CNY 55.13 per share.

The repurchased share will be used to maintain company value and shareholder rights. The program will be valid for a period of 3 months.