Suzhou Hycan Holdings Co., Ltd. (SZSE:002787) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 80 million worth of its Class A shares. The shares will be repurchased at a price not more than CNY 7.5 per share.

The purpose of this share repurchase is necessary to maintain the company's value and shareholders' rights and interests. The repurchase program will be funded using the company's own funds. The program will be valid for a period of 3 months.