Shanghai Guao Electronic Technology Co., Ltd. (SZSE:300551) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its A shares. The program will be funded using the company's own funds.

The purpose of the program is to maintain the company's value and shareholders' rights and interests. The shares will be repurchased at a price not more than CNY 20 per share. The program is valid for a period of 3 months.