Guangdong New Grand Long Packing Co., Ltd. (SZSE:002836) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 11.48 per share.

The shares purchased will be used for ESOP or equity incentives. The program will be valid till 3 months.