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Yintech Investment to repurchase up to US$20M of ADSs

Yintech Investment Holdings plans to repurchase up to US$20 million worth of its outstanding American depositary shares, effective June 2.

The ADSs will be bought back from time to time over the next 12 months. All repurchased shares will be canceled.

The share repurchase program will be funded with Yintech Investment's available cash balance.