Rightway Holdings Co.,ltd. (SHSE:600321) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of class A shares. The shares will be purchased at a price not more than CNY 2.3 per share.

The program will be funded out of the company's own funds or self-raised funds. The repurchased shares will be used for employee stock ownership plans or equity incentives and the unused shares will be cancelled. The program is valid till earlier of February 28, 2021 or when the repurchase reaches the maximum limit unless terminated by the Board earlier.