Hangzhou Honghua Digital Technology Stock Company LTD. (SHSE:688789) announces a share repurchase program. Under the program, the company will repurchase up to CNY 80 million worth of its shares. The shares will be repurchased at a price not more than CNY 139 per share.

The repurchased shares will be used for ESOP or equity incentives. The program will be valid for 12 months.