Shanghai Weihong Electronic Technology Co., Ltd. (SZSE:300508) announces a share repurchase program. Under the program, the company will repurchase up to CNY 40 million worth of its A shares. The shares will be repurchased at a price not more than CNY 26 per share.

The purpose of program is to maintain company value and shareholders? equity. The authorization will be valid for a period of 3 months.