Zhejiang Huace Film & TV Co., Ltd. (SZSE:300133) announces a share repurchase program. Under the program, the company will repurchase up to CNY 120 million worth of its shares. The shares will be repurchased at a price not more than CNY 7 per share.

The repurchased shares will be used for ESOP or equity incentives. The repurchases will be funded from company's own funds. The program will be valid for a period of 12 months.