Hangzhou Star Shuaier Electric Appliance Co., Ltd. (SZSE:002860) announces a share repurchase program. Under the program, the company will repurchase up to 8,000,000 shares, representing 3.77% of its share capital. The shares will be repurchased at a price of not more than CNY 25 per share.

The repurchased shares will be used for equity incentives and employee stock ownership plans. The program will be valid for a period of 6 months.