Shanghai W-Ibeda High Tech.Group Co.,Ltd. (SHSE:688071) announces a share repurchase program. Under the program, the company will repurchase its own shares for a total of CNY 20 million. The shares will be purchased at a price not exceeding CNY 60 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 results of the share repurchase and share changes. If the company fails to do so, then the shares that have not been used will be cancelled. The program will be funded from company's own funds.

The program will be valid for 12 months.