Shenzhen Jasic Technology Co.,Ltd authorizes a Buyback Plan.

SHENZHEN JASIC TECHNOLOGY CO.,LTD. is a China-based company principally engaged in the research, development, manufacture and sales of welding and cutting equipment. The Company's main products are mainly inverter welding machines and welding accessories, including direct current (DC) manual arc welding machines, DC tungsten arc welding machines, alternating current (AC) and DC square wave tungsten arc welding machines, carbon dioxide (CO2) gas shielded welding machines, pulse metal inert gas (MIG) welding machines, double pulse MIG welding machines, DC submerged arc welding machines, double wire AC/DC submerged arc welding machines, air plasma cutter and multi-function welding machines. The Company distributes its products in domestic market and to overseas markets.