KENGIC Intelligent Technology Co., Ltd. (SHSE:688455) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its A shares. The shares will be repurchased at a price not more than CNY 12.68 per share.

The repurchased shares will be used to maintain company value and shareholders? interests. The program will be funded using the excess raised funds from the company?s IPO.

The program will be valid for 3 months.