DBAPPSecurity Co., Ltd. (SHSE:688023) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The repurchase price shall not be more than CNY 150 per share.

The repurchases will be funded by company's own funds. The repurchased shares will be used for employee stock ownership plans or equity incentives at appropriate times in the future. The program will be valid for 6 months.