Zhejiang Huangma Technology Co.,Ltd (SHSE:603181) announces a share repurchase program. Under the program, the company will repurchase up to CNY 130 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 19.90 per share.

The shares purchased will be used for the follow-up employee stock ownership plan. The program will be funded out of the company's own funds. The program will be valid till 12 months.