Ninestar Corporation (SZSE:002180) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. Shares will be repurchased at a price not more than CNY 61.00 per Share. All the shares repurchased will be used for the implementation of employee stock ownership plans or equity incentives. Repurchases will be funded using company's own funds. The program will be valid for a period of 12 months.

On July 5, 2023, the company adjusted the maximum repurchase price from not more than CNY 60 per share to not more than CNY 59.88 per share.