Huafu Fashion Co., Ltd. (SZSE:002042) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The shares will be repurchased at a price of not more than CNY 4.60 per share.

Repurchases will be made using company's own funds. The purpose of program is to maintain the company's value and shareholders' rights and interests. The program is valid for 3 months.