Shanghai Weaver Network Co., Ltd. (SHSE:603039) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 60 per share.

The shares purchased will be used for the company's equity incentive plan. The program will be funded out of the company's own funds. The program will be valid till November 4, 2022.