Zheshang Securities Co., Ltd. (SHSE:601878) announces a share repurchase program. Under the program, the company will repurchase up to 38,781,687 shares for CNY 605.38 million. The shares will be repurchased at a price not more than CNY 15.61 per share.

The shares repurchased will be used for equity incentives. The program will be valid for not more than 12 months.