Dong-E-E-Jiao Co.,Ltd. (SZSE:000423) announces a share repurchase program. Under the program, the company will repurchase up to 1,660,000 shares, for CNY 124.2 million. The shares will be purchased at a price not exceeding CNY 74.82 per share.

The repurchased shares will be used for the employee?s equity incentive plan. If the company is not able to use the shares for the said purpose within the 36 months after the completion of the program, the unused shares will be cancelled in accordance with the law. The program will be funded from company's own funds.

The program will be valid for 12 months.