Huafu Fashion Co., Ltd. (SZSE:002042) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at a price of not more than CNY 6.5 per share.

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