Hunan Huakai Cultural and Creative Co., Ltd. (SZSE:300592) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of class A shares. The shares will be repurchased at a maximum CNY 23 per share, calculated based on the upper limit of the repurchase price does not exceed 130% of the average trading price of the company’s stock in the 30 trading days before the resolution of the company’s board of directors to review and approve the share repurchase (CNY 24.24 per share). The funds for the share repurchase will come from the company's own funds. The repurchased shares will be used for equity incentive or employee stock ownership plan. The program is valid for 12 months. On the same day, the company corrected the basis of calculation of the repurchase price of CNY 23 per share, as the upper limit of the repurchase price does not exceed 130% of the average trading price of the company’s stock in the 30 trading days before the resolution of the company’s board of directors to review and approve the share repurchase (CNY 24.97 per share).