BMC Medical Co., Ltd. (SZSE:301367) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The shares will be repurchased at no more than CNY 144.02 per share.

The purpose of the program is to use the repurchased shares for employee stock ownership plans or equity incentive plans. If the company fails to use the repurchased shares within 36 months after the completion of the program, the unused shares will be cancelled. The program will be funded from the excess funds raised from the company?s initial public offering of shares.

The plan will be valid for 12 months.