Hangzhou CNCR-IT Co.,Ltd (SZSE:300250) announces a share repurchase program. Under the program, the company will repurchase up to CNY 20 million worth of its shares. The shares will be repurchased at no more than CNY 15 per share.

The purpose of the program is to maintain the company's value and shareholders' rights. The program will be funded from company's own funds. The plan will be valid for 3 months.