Shanghai Information2 Software Inc. (SHSE:688435) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 42.5 per share.

The purpose of repurchase program is improving quality, increasing efficiency and focusing on returns. The repurchased shares will be used for employee stock ownership plans or equity incentive plans, otherwise will be cancelled if the company fails to transfer them within the time limit stipulated by relevant laws and regulations. The repurchases will be made from part of the over-raised funds obtained from the company's initial public offering of RMB ordinary shares or its own funds.

The program will be valid for 12 months.