China Tianying Inc. (SZSE:000035) announces a share repurchase program. Under the program, the program, the company will repurchase up to CNY 160 million worth of its common stock. The shares will be repurchased at a purchase price of CNY 4.50 per share. The shares will be sourced from company's own funds. The company’s share repurchase will be used to implement equity incentives and employee stock ownership plans at an appropriate time in the future, which will help establish and improve the sharing mechanism between employees and owners, improve employee cohesion and company competitiveness, and maintain the company’s image in the capital market, to promote the company's sustainable development. The program will be valid for 12 months.