Yonyou Network continues share repurchase program

Yonyou Network Technology (SSE:600588) announced further progress in its share repurchase program today. Between 2024/9/5 and April 7, 2025, the company has repurchased a total of 2,550,690 shares, representing 0.075% of the company's total share capital. These shares were acquired at prices ranging from CNY9.92 to CNY18.44 per share. The total expenditure for the repurchase, excluding commission and other transaction costs, amounted to CNY27,766,355. The company initiated the repurchase program to be used for employee stock ownership plan or equity incentives, and to protect the company's value and shareholders' rights, with an allocated budget between CNY50 million and CNY100 million. Yonyou Network states that it will continue to implement the repurchase program in compliance with relevant regulations and disclosures.