Huakai Yibai Technology Co.,Ltd. (SZSE:300592) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The shares will be repurchased at a price not more than CNY 23.31 per share.

The repurchased shares will be used for employee stock ownership plans or equity incentives. The authorization will be valid for a period of 12 months.