SZZT Electronics CO.,LTD (SZSE:002197) announces a share repurchase program. Under the program, the company will repurchase up to CNY 40 million worth of its shares. The shares will be purchased at a price not exceeding CNY 12 per share.

The purpose of the program is to safeguard the interests of the majority of investors, enhance the confidence of public investors in the company, and effectively protect the legitimate rights and interests of all shareholders. The repurchased shares will be used to implement equity incentive plans or employee stock ownership plans. The program will be funded from company's own funds.

The program will be valid for 12 months.