Runner (Xiamen) Corp. (SHSE:603408) announces a share repurchase program. Under the program, the company will repurchase up to CNY 40 million worth of its shares.

The shares will be purchased at a price not exceeding CNY 18.97 per share. The purpose of repurchase program is improving quality, increasing efficiency and focusing on returns. The repurchased shares will be used for equity incentive plan.

The program will be funded from company's own funds. The program will be valid for 6 months.