Zhefu Holding Group Co., Ltd. (SZSE:002266) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The shares will be repurchased at a price not more than CNY 4.95 per share.

The repurchased shares will be used for employee stock ownership plans or equity incentives. The program is valid for a period of 12 months.