Jiajiayue Group Co., Ltd. (SHSE:603708) announces a share repurchase program. Under the program, the company will repurchase up to CNY 150 million worth of its shares. The shares will be repurchased at no more than CNY 11 per share.

The purpose of the program is to use repurchased shares for equity incentives or employee stock ownership plans;. The program will be funded from company's own funds. The plan will be valid for 6 months.