Fujian Torch Electron Technology Co., Ltd. (SHSE:603678) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its shares. The shares will be repurchased at a price of CNY 75 per share.

The company will repurchase its own shares with its own funds. The repurchased shares will be used for ESOP. The program is valid for 12 months.