GuoChuang Software Co.,Ltd. (SZSE:300520) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 40 million worth of its A shares. The shares will be repurchased at a price not more than CNY 23 per share.

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