Shanghai Supezet Engineering Technology Corp., Ltd. (SHSE:688121) announces a share repurchase program. Under the program, the company will repurchase up to CNY 120 million worth of its Class A shares. The shares will be repurchased at no more than CNY 30.68 per share.

The repurchased shares will be used for employees? shareholding plan or equity incentives. The authorization will be valid for a period of 12 months.