Hangzhou Chuhuan Science & Technology Company Limited (SZSE:001336) announces a share repurchase program. Under the program, the company will repurchase up to CNY 15 million worth of its shares. The shares will be purchased at a price not exceeding CNY 30 per share.

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