Shanghai NAR Industrial Co., Ltd (SZSE:002825) announces a share repurchase program. Under the program, the company will repurchase up to CNY 40 million worth of its shares. The repurchase price will not be more than CNY 10 per share.

Repurchased shares will be used as employee shareholding plan or as equity incentive. Repurchases will be funded using the company?s own funds. The program is valid for 12 months.