Hichain Logistics Co.,Ltd. (SZSE:300873) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The shares will be repurchased at a price not more than CNY 28.80 per share.

The shares repurchased will be used for equity incentives and/or employee stock ownership plans. The funds for the repurchases are the company's own funds. The program will be valid for a period of 12 months.