Leo Group Co., Ltd. (SZSE:002131) announces a share repurchase program. Under the program, the company will repurchase up to CNY 600 million worth of its A shares. The shares will be repurchased at no more than CNY 2 per share.

The purpose of the program is to maintain the value of the Company and the interests of shareholders. The repurchased shares will be sold after 12 months of the repurchase result announcement. If the shares could not be sold with in 3 years after completion of the program, the unsold shares will be cancelled.

The program will be funded from company's own funds. The program will be valid for 3 months.