Chengdu Shengbang Seals Co.,Ltd. (SZSE:301233) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its shares. The repurchase price shall not exceed CNY 50 per share.

The repurchased shares will be used to implement employee stock ownership plans or equity incentives, and to maintain company value and shareholder rights. The repurchases will be funded using company's own funds. The program is valid for 12 months.