China United Network Communications Limited (SHSE:600050) announces a share repurchase program. Under the program, the company will repurchase up to CNY 2,500 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 6.5 per share.

The shares purchased will be used for the company's equity incentive plan and the unused shares within 36 months after the completion of the share repurchase will be cancelled. The program will be funded out of the company's own funds. The program will be valid till earlier of March 10, 2022 or when the repurchase reaches the maximum limit, unless terminated by the Board earlier.