Guangzhou Seagull Kitchen and Bath Products Co., Ltd. (SZSE:002084) announces a share repurchase program. Under the program, the company will repurchase up to CNY 40 million worth of its shares. The shares will be repurchased at a price of not more than CNY 497 per share.

The shares will be repurchased out of own funds. The repurchased shares will be used to implement the company?s equity incentive plan.