Liaoning Chengda Biotechnology Co.,Ltd. (SHSE:688739) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its shares. The shares will be repurchased at a price of not more than CNY 42 per share.

The repurchased shares will be used for the implementation of equity incentive plan or employee stock ownership plans. The program will be funded from excess funds raised by the company from the company?s initial public offering. The program will be valid for 12 months.