GUILIN FUDA Co.,Ltd. (SHSE:603166) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at a price not more than CNY 7 per share.

The purpose of repurchase program is to safeguard the company?s value and shareholders? rights. The repurchases will be funded from company's own funds.

The authorization will be valid for a period of 3 months.