Himile Mechanical Science and Technology (Shandong) Co., Ltd (SZSE:002595) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 100 million worth of its shares. The shares will be repurchased at a price not more than CNY 38 per share.

The repurchased shares will be used for ESOP or equity incentives. Repurchases will be made using company's own funds. The program will be valid for 12 months.