Sino Wealth Electronic Ltd. (SZSE:300327) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 120 million worth of its A shares. The shares will be repurchased at a price not more than CNY 50 per share.

The repurchased shares will be used for employee stock ownership plans or equity incentive plans. The program will be funded from company's own funds. The program will be valid for not more than 12 months.