Shanghai Kindly Enterprise Development Group Co.,LTD. (SHSE:603987) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 130.76 million worth of its A shares. The shares will be repurchased at a price of not more than CNY 18.68 per share. The repurchased shares will be used for equity incentives. The shares will be repurchased out of own funds of the company. The plan will be valid for 12 months.

On July 6, 2022, the company announced that it has adjusted its repurchase price from CNY 18.68 per share to CNY 25 per share.