Shanghai Wicresoft Co., Ltd. announces a share repurchase program. Under the program, the company will repurchase up to 4,000,000 shares, representing 5% of its issued share capital for a total of CNY 35.2 million. The shares are being repurchased from Insigma Technology Co., Ltd. The repurchased shares will be used for the company's employee stock ownership plan or stock incentive in order to improve the motivation and stability of its employees.

The program is subject to the shareholder approval, to be obtained at the General Meeting.