Shenzhen Ellassay Fashion Co.,Ltd. (SHSE:603808) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 100 million worth of its shares. The shares will be repurchased at a price not more than CNY 15 per share. The program will be funded using the company's own fuds. The repurchased shares will be used for the subsequent implementation of employee stock ownership plans or equity incentives. The program will be valid for 12 months.

On July 2, 2022, the company announced that it has adjusted its repurchase price to CNY 14.75 per share.