Lakala Payment Co., Ltd. (SZSE:300773) announces a share repurchase program. Under the program, the company will repurchase up to 4,000,000 of its ordinary A shares. The shares will be repurchased at a price not more than CNY 26 per share.

The program will be funded from company's own funds. The repurchased shares will be used for implementation of the employee stock ownership plan or equity incentive plan. The program will be valid for 12 months.