New Huadu Technology Co., Ltd. (SZSE:002264) announces a share repurchase program. Under the program, the company will repurchase 14,000,000 shares, for CNY 109.2 million worth of its A shares. The shares will be repurchased at a price of not more than CNY 7.8 per share.

The purpose of the program is to use repurchased shares for ESOP or equity incentives. The program is valid for 12 months.