Wave Cyber (Shanghai)Co., Ltd. (SHSE:688718) announces a share repurchase program. Under the program, the company will repurchase up to CNY 20 million worth of its Class A shares. The shares will be repurchased at no more than CNY 17.8 per share.

The purpose of the program is to use the repurchased shares for ESOP or equity incentives. The plan will be valid for 12 months.