Guangzhou Risong Intelligent Technology Holding Co., Ltd. (SHSE:688090) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 15 million worth of its class A shares. The shares will be repurchased at a price of not more than CNY 27.147 per share. The repurchased shares will be used for equity incentives or employee stock ownership plans. The plan will be valid for 12 months.

On May 26, 2022, the company adjusted the maximum repurchase price from not more than CNY 27.147 per share to not more than CNY 26.997 per share.