Hengtong Logistics Co., Ltd. (SHSE:603223) announces a share repurchase program. Under the program, the company will repurchase up to CNY 80 million worth of its A shares. Shares will be repurchased at a price not more than CNY 15.06 per Share.

All the shares repurchased will be used for the implementation of ESOP or equity incentives. The program will be valid for a period of 12 months.