Longshine Technology Group Co.,Ltd. (SZSE:300682) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at a price of CNY 23.61 per share. The repurchases will be funded out of the company's own funds. The purpose of the program is to protect the interests of investors, enhance investor confidence, and further improve the company’s long-term incentive mechanism. The stock repurchase will be used to implement the company's equity incentive plan or employee stock ownership plan and if the company fails to use the repurchased shares within 36 months after the completion of the share repurchase, the unused repurchased shares will be cancelled. The program is valid for no more than 3 months from the date when the shareholders’ meeting approves the share repurchase plan.