Hangzhou XZB Tech Co., Ltd (SHSE:603040) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its Class A shares. The shares will be repurchased at a price not more than CNY 35 per share.

The repurchased shares will be used for ESOP. The program will be valid for a period of 12 months.