Shandong Nanshan Zhishang Sci-Tech Co.,Ltd. (SZSE:300918) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 60 million worth of its shares. The shares will be repurchased at a price of not more than CNY 17.42 per share.

The repurchased shares will be used for employee stock ownership plans or equity incentives. The shares will be repurchased out of own funds of the company. The plan will be valid for 12 months from the Board of Directors' approval.