Era Co., Ltd. (SZSE:002641) announces a share repurchase program. Under the program, the company will repurchase up to 12,727,272 shares, representing 1.04% of its issued share capital, for CNY 70 million worth of its Class A shares. The shares will be repurchased at a price not more than CNY 5.5 per share.

The repurchases will be funded using the company's own funds. The shares repurchased will be used for equity incentive plan or employee stock ownership plan. The program will be valid for 12 months.