Shanghai Suochen Information Technology Co.,Ltd. (SHSE:688507) announces a share repurchase program. Under the program, the company will repurchase up to CNY 40 million worth of its shares. The repurchase price will not be more than CNY 170 per share.

The repurchased shares will be used for ESOP or equity incentives. The repurchase period will be not more than 12 months.