LB Group Co., Ltd. (SZSE:002601) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The shares will be purchased at a price not exceeding CNY 32.10 per share.

The purpose of the program is to further establish and improve the company's long-term incentive mechanism, attract and retain outstanding talents, safeguard the legitimate rights and interests of all shareholders of the company, and promote the stable and healthy development of the company. 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 program will be funded from company's own funds.

The program will be valid for 12 months.