Zhongyan Technology Co., Ltd. (SZSE:003001) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of its shares. The shares will be repurchased at a price not more than CNY 24.03 per share.

The purpose of repurchase program is to maintain company value and shareholder rights. The authorization will be valid for a period of 3 months.