Shandong New Beiyang Information Technology Co., Ltd. (SZSE:002376) announces a share repurchase program. Under the program, the company will repurchase up to CNY 150 million worth of its shares. The shares will be repurchased at a price not more than CNY 9.70 per share.

The purpose of the program is to safeguard the company's value and shareholders' rights and interests. The funds for this repurchase are the company's own funds. The program will be valid for a period of 3 months.