Allmed Medical Products Co.,Ltd (SZSE:002950) announces a share repurchase program. Under the program, the company will repurchase up to CNY 107.65 million. The shares will be purchased at a price not exceeding CNY 8.5 per share.

The repurchased shares will be used for the implementation of ESOP or equity incentive plan. The repurchases will be funded from own funds. Purpose of the proposed share repurchase: intended to be used for equity incentives or employee stock ownership plans.

The program will be valid for 12 months.