Guangxi Liugong Machinery Co., Ltd. (SZSE:000528) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its A shares. The shares will be repurchased at no more than CNY 10 per share.

The purpose of the program is to use the repurchased shares for equity incentives or employee stock ownership plans. The program will be funded from company's own funds. The plan will be valid for 12 months.