Weaver Network Technology Co., Ltd. (SHSE:603039) announces a share repurchase program. Under the program, the company will repurchase up to CNY 150 million worth of its shares. The shares will be repurchased at a price no more than CNY 56 per share.

The purpose of the program is to safeguard the company?s value and shareholders? rights. The program will be funded from company's own funds.

The program will be valid for a period of 3 months.