Ningbo Fujia Industrial Co., Ltd. (SHSE:603219) announces a share repurchase program. Under the program, the company will repurchase up to CNY 59.76 million. The shares will be repurchased at no more than CNY 18 per share.

The purpose of the program is to use the repurchased shares for employee stock ownership plan or equity incentive. The company will use its own funds to repurchase the shares. The plan will be valid for 12 months.