Guilin Seamild Foods Co., Ltd (SZSE:002956) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its shares. The repurchase price will not exceed CNY 19 per share.

Repurchased shares will be used in equity incentive plans or employee stock ownership plans. The source of funds for share repurchase is company's own funds. The implementation period of share repurchase is within 12 months