Suzhou Hycan Holdings Co., Ltd. (SZSE:002787) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 60 million worth of its shares. The shares will be purchased at a price not exceeding CNY 12.5 per share.

The repurchased shares will be used for the conversion of convertible corporate bonds issued by the company. If there is an unused part, it will be cancelled within three years after the disclosure of the repurchase results and the announcement of share changes. The program will be funded from company's own funds.

The program will be valid for 12 months.