Ginwa Enterprise (Group) Inc. (SHSE:600080) announces a share repurchase program. Under the program, the company will repurchase up to CNY 150 million worth of its A shares. The shares will be repurchased at a price not more than CNY 9.5 per share.

The repurchased shares will be used for ESOP or equity incentives and for maintaining company value and shareholders? equity. The authorization will be valid for a period of 6 months.