Kingnet Network Co., Ltd. (SZSE:002517) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at a price not more than CNY 6.66 per share. The repurchase program will be funded from company's own funds. The repurchase shares will be used for equity incentive plan and ESOP. The plan will be valid for 12 months.