Hichain Logistics Co.,Ltd. (SZSE:300873) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 34.88 per share.

The repurchased shares will be used for the implementation of employee stock ownership plans or equity incentive plan. The program will be funded from company's own funds. The program is valid for a period of 12 months.