Ninestar Corporation (SZSE:002180) announces a share repurchase program. Under the program, the company will repurchase up to CNY 400 million worth of its shares A shares. The shares will be repurchased at a price not more than CNY 40.42 per share.

The repurchased shares will be used for employee stock ownership plans or equity incentives. The program will be valid for a period of 12 months.