Avary Holding(Shenzhen)Co., Limited (SZSE:002938) announces a share repurchase program. Under the program, the company will repurchase up to CNY 400 million worth of its shares. The repurchase price shall not exceed CNY 25 per share.

The repurchased shares will be used for employee stock ownership plans or equity incentive plans. The company will use of its own funds to repurchase shares. The repurchase period is 12 months.