SUPCON Technology Co., Ltd. (SHSE:688777) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The shares will be repurchased at no more than 62.04 per share.

The purpose of the program is to use the repurchased shares for implementing equity incentives. If the company fails to use the repurchased shares with in 3 years of completion of the repurchase program, the unused shares will be cancelled. The program will be funded from company's own funds.

The program is valid for 12 months.