Shanghai Holystar Information Technology Co., Ltd. (SHSE:688330) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The shares will be purchased at a price not exceeding CNY 48 per share.

The repurchased shares will be used for employee stock ownership plans or equity incentive plans. The program will be valid for 12 months.