Hunan Zhongke Electric Co., Ltd. (SZSE:300035) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The shares will be purchased at price of CNY 16 per share. The repurchased shares will be used for employee stock ownership plans or equity incentives. The program is valid for 12 months.

On April 25, 2024, the company announced that it has changed purpose of the share repurchase program from "for employee stock ownership plans or equity incentive plans" to "for cancellation and corresponding reduction of registered capital".