Jiangsu Chuanzhi Podcast Education Technology Co., Ltd. (SZSE:003032) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 60 million worth of its Class A shares. The shares will be repurchased at a price not more than CNY 25 per share.

The repurchased shares will be used to implement the employee stock ownership plan or equity incentive plan. The program will be funded from the company's own funds. The program will not be more than 12 months.