Hootech Inc. (SZSE:301026) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 50 million worth of its shares. The shares will be repurchased at a price not more than CNY 35 per share.

The purpose of program is to safeguard the company's value and shareholders' rights and interests. The repurchased shares will be sold through centralized bidding transactions at an appropriate time and in accordance with relevant rules, if it cannot be completed with in stipulated time then it will be canceled. The program will be funded from the company's own funds.

The program will be not more than 3 months.