Pansoft Company Limited (SZSE:300996) announces a share repurchase program. Under the program, the company will repurchase up to 1,521,739 shares, representing 0.75% of its share capital for CNY 35 million worth of its shares. The shares will be repurchased at no more than CNY 23 per share.

The purpose of the program is to use the repurchased shares for employee stock ownership plans or equity incentives. The program will be funded from company's own funds. The plan will be valid for 12 months.