Optowide Technologies Co., Ltd. (SHSE:688195) announces a share repurchase program. Under the program, the company will repurchase its A shares for a total of CNY 20 million. The shares will be purchased at a price not exceeding CNY 35 per share.

The repurchased shares will be used for the implementation of equity incentive and/or for employee shareholding plan. The program will be funded from portion of excess raised funds from the company?s IPO of common shares. The program will be valid for 12 months.