Suzhou Hycan Holdings Co., Ltd. (SZSE:002787) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its A shares. The shares will be repurchased at a price not more than CNY 11.65 per share.

The repurchased shares will be used for shares for the conversion of the company?s convertible bonds, ESOP, or equity incentives. The authorization will be valid for a period of 12 months.