Hubei Wanrun New Energy Technology Co.,Ltd. (SHSE:688275) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 110 per share.

The repurchased shares will be used for the implementation of ESOP or equity incentive plan and will be transferred within three years after the announcement of the share repurchase implementation results and share changes. If the company fails to use the shares for the aforementioned purposes, the unused portion of the repurchased shares shall be cancelled. The program will be funded from company's own funds.

The program will be valid for 12 months.