Shanghai Xinnanyang Only Education & Technology Co.,Ltd (SHSE:600661) announces a share repurchase program. Under the program, the company will repurchase up to CNY 120 million. The shares will be repurchased at no more than CNY 12 per share.

The purpose of the program is to maintain the value and shareholder rights. The repurchased shares will be used for sale. The program will be funded from company's own or self-raised funds.

The program will be valid for 3 months.