Proya Cosmetics Co.,Ltd. (SHSE:603605) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its Class A shares. The shares will be repurchased at no more than CNY 130 per share.

The repurchased shares will be used for ESOP or equity incentives. The authorization will be valid for a period of 12 months.