Shijihengtong Technology Co., Ltd. (SZSE:301428) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 42.49 per share.

The shares purchased will be used for the company's equity incentive plan or employee shareholding plan. The program will be funded out of excess raised funds from IPO. The program will be valid till 12 months.