Longshine Technology Group Co., Ltd. (SZSE:300682) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 14 per share.

The purpose of program is to safeguard the interests of the majority of investors and enhance investor confidence. The repurchased shares will be cancelled and the company's registered capital will be reduced. The program will be funded from company's own funds.

The repurchase program is subject to shareholder's approval. The program will be valid for 6 months from the date on which the shareholders' meeting approves repurchase plan.