Baoshan Iron & Steel Co., Ltd. (SHSE:600019) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 3,000 million worth of its shares. The shares will be repurchased at a price not more than CNY 8.86 per share.

The shares repurchased will be used for equity incentives plans. The program will be valid for not more than 12 months.