Shanghai DragonNet Technology Co.,Ltd. (SZSE:300245) announces a share repurchase program. Under the program, the company will repurchase up to 12,800,000 shares, representing 4.08% for CNY 90 million. The shares will be repurchased at a price of CNY 10 per share.

The repurchase shares will be used to implement employee stock ownership plans or equity incentives. The company intends to repurchase shares with its own funds. The program will be valid for a period of 12 months.