Fujian Longking Co., Ltd. (SHSE:600388) announces a share repurchase program. Under the program, the company will repurchase up to CNY 95 million worth of its shares. The shares will be repurchased at a price of CNY 18 per share.

The shares repurchased will be used to implement the company?s employee stock ownership plans or equity incentives. The company plans to use its own funds for the program. The program is subject to the company's general meeting of shareholders for review in the form of a special resolution.

The program will be valid for 6 months from the date of the Shareholder's Meeting.