Shenzhen Xinyichang Technology Co., Ltd. (SHSE:688383) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 129.5 per share.

The shares purchased will be used for the company's employee stock ownership plans or equity incentives. The program will be valid for 12 months.