Foshan Haitian Flavouring and Food Company Ltd. (SHSE:603288) announces a share repurchase program. Under the program, the company will repurchase its own shares for a total of CNY 800 million. The shares will be repurchased at a price not more than CNY 56.60 per share.

The repurchased share will be used for employee stock ownership plan and equity incentives. The program will be valid for 12 months.