Toread Holdings Group Co., Ltd. (SZSE:300005) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 100 million worth of its shares at a price not more than CNY 9.57 per share. The repurchased shares will be used to implement equity incentives or employee stock ownership plans.

The company will use its own funds to repurchase shares. The program will be valid for a period of 12 months.