GUILIN FUDA Co.,Ltd. (SHSE:603166) announces a share repurchase program. Under the program, the company will repurchase up to CNY 95 million worth of its shares. The shares will be purchased at a price not exceeding CNY 9.50 per share.

The purpose of the program is to improve the company's long-term sustainable development and the strategic goal of further optimizing the business structure. The repurchased shares will be used for employee stock ownership plans or equity incentive plans. The program will be funded from company's own funds.

The program will be valid for 12 months.