Yonyou Network Technology Co.,Ltd. (SHSE:600588) announces a share repurchase program. Under the program, the company will repurchase not higher than CNY 1,000 million worth of its shares. The shares will be repurchased at a price not more than CNY 32.4 per share.

The repurchased shares will be used for future employee equity incentives. The repurchase will be funded from the company's own funds. The program will be valid for 12 months.