Shanghai LongYun Media Group Co., Ltd. (SHSE:603729) announces a share repurchase program. Under the program, the company will repurchase up to 4,666,900 shares. The shares will be repurchased at a price of not more than CNY 19.41 per share.

The purpose oft he program is to use repurchased shares for ESOP or equity incentives. The program is valid till February 28, 2023.