Shenzhen Zowee Technology Co., Ltd (SZSE:002369) commences share repurchases on January 22, 2019, under the program mandated by the shareholders in the Extraordinary General Meeting held on November 23, 2018. As per the mandate, the company will repurchase up to CNY 300 million worth of its A shares. The shares will be purchased at a price not more than CNY 9 per share. The repurchased shares will be used for subsequent implementation of employee incentive (source of shares for equity incentive plan or ESOP) or to reduce registered capital. The program will be valid not more than 6 months from the date of shareholders meeting.