IAT Automobile Technology Co., Ltd. (SZSE:300825) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 50 million worth of its shares. The shares will be repurchased at a price of not more than CNY 25.26 per share.

The company will use its own funds to repurchase the company's shares. The repurchased shares will be used for equity incentives or employee stock ownership plans. The plan will be valid for 12 months.