Thinkingdom Media Group Ltd. (SHSE:603096) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its A shares. The shares will be repurchased at a price not more than CNY 55 per share. The company intends to use its own funds to repurchase shares. The repurchased shares will be used in equity incentive plans. If the repurchased shares cannot be used up within 36 months after the completion of the share repurchase, the unused repurchased shares will be cancelled. The share repurchase program will be valid for 12 months, until December 1, 2021.

On June 16, 2021, the company announced that the upper limit of the share price for the repurchase will be adjusted from no more than CNY 55 per share (inclusive) to no more than CNY 45.23 per share after the implementation of the distribution of rights and interests in 2020.