Innuovo Technology Co., Ltd. (SZSE:000795) announces a share repurchase program. Under the program, the company will repurchase up to CNY 160 million worth of its shares. The shares will be repurchased at a price not more than CNY 7.9 per share.

The repurchased shares will be used for equity incentives or employee stock ownership plans. The source of funds for this share repurchase is the company's own funds. The program is valid for 12 months.