Guangzhou Shangpin Home Collection Co., Ltd. (SZSE:300616) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at a price of CNY 20 per share.

The purpose of the share repurchases is to safeguard the company's value and shareholders' rights, and will be sold within the specified period in accordance with relevant repurchase rules and regulatory guidelines. The repurchases will be funded using company's own funds. The program is valid for 3 months.