Hygon Information Technology Co., Ltd. (SHSE:688041) announces a share repurchase program. Under the program, the company will repurchase up to its own shares for a total of CNY 500 million. The shares will be purchased at a price not exceeding CNY 107.95 per share.

The repurchased shares will be used for the implementation of ESOP or equity incentive plan. If the company fails to use up the repurchased shares within three years after the announcement of the share repurchase results and share changes, the unused repurchased shares will be cancelled. The program will be funded from company's own funds.

The program will be valid for 12 months.