Guangzhou Echom Sci.&Tech.Co.,Ltd (SZSE:002420) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The shares will be repurchased at a price not more than CNY 5 per share.

The repurchased shares will be used for the company?s subsequent equity incentive plan or employee stock ownership plan. The funds for the repurchases are the company's own funds. The program will be valid for a period of 12 months.