Zhejiang Hechuan Technology Co., Ltd. (SHSE:688320) announces a share repurchase program. Under the program, the company will repurchase up to CNY 80 million worth of its shares. The shares will be repurchased at a price not more than CNY 44.86 per share.

The repurchased shares will be used for ESOP or equity incentives. Repurchases will be funded using company's own funds or self-raised funds. The authorization will be valid for a period of 12 months, i.e., February 27, 2025.