Hangzhou Heshun Technology Co.,LTD. (SZSE:301237) announces a share repurchase program. Under the program, the company will repurchase up to CNY 40 million worth of its shares. The shares will be repurchased at no more than CNY 30 per share.

The purpose of the program is to use the repurchased shares for employee stock ownership plan or equity incentive. The repurchases will be funded from company's own funds or loans from financial institutions. The plan will be valid for 3 months.