Hangzhou Freely Communication Co., Ltd. (SHSE:603602) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 120 million worth of its A shares. The shares will be repurchased at a price not more than CNY 19.96 per share.

The purpose of repurchase program is to safeguard the Company?s value and the rights and interests of investors, and promote the Company?s sustainable and healthy development. The program will be valid for not more than 3 months till April 30, 2024.