Hangzhou Shunwang Technology Co,Ltd (SZSE:300113) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 150 million worth of its class A shares. The shares will be repurchased at a price of not more than CNY 18.43 per share.

The program will be funded out of the company's own or self-raised funds. The repurchased shares will be used for company's equity incentive plan and employee stock ownership plan. The program is valid for 12 months.