Chifeng Jilong Gold Mining Co.,Ltd. (SHSE:600988) announces a share repurchase program. Under the program, the company will repurchase up to 41,597,700 class A shares, representing 2.5% for CNY 600 million. The shares will be repurchased at a price of CNY 20 per share.

The repurchased shares will be used for company's employee stock ownership plan or equity incentive plan and the unused shares will be cancelled. The program will be funded out of the company's own funds. The program is valid earlier of 12 months or when the maximum authorization is utilized, unless terminated by the board earlier.