EMTEK (Shenzhen) Co., Ltd. (SZSE:300938) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its class A shares. The shares will be repurchased at no more than CNY 48 per share. The purpose of the program is to use the shares for the conversion of the company?s convertible bonds. The program will be valid for 12 months.

On May 22, 2024, the company announced that it has adjusted its repurchase price from CNY 48 per share to CNY 33.58 per share.