Sangfor Technologies Inc. (SZSE:300454) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 80 per share.

The repurchased shares will be used for the implementation of employee stock ownership plans or equity incentive plans. The company will use its own funds to repurchase its shares. The repurchase program is valid for a period of 12 months.