Jason Furniture (Hangzhou) Co.,Ltd. (SHSE:603816) announces a share repurchase program. Under the program, the company will repurchase up to CNY 600 million worth of its shares. The shares will be repurchased at a price not more than CNY 60 per share.

The repurchases will be funded using the company's own funds. The shares repurchased will be used for equity incentive or employee stock ownership plan, convertible bond swap. The program will be valid for 12 months.