Fujian Foxit Software Development Joint Stock Co.,Ltd (SHSE:688095) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of shares. The shares will be repurchased at a price of not more than CNY 120 per share.

The shares purchased will be used for equity incentives or employee stock ownership plans at an appropriate time in the future, or for conversion of corporate bonds issued by listed companies that can be converted into stocks. The repurchases will be fund through part of the over-raised funds obtained from the company's initial public offering. The program will be valid till 12 months from approval of board.