J.S. Corrugating Machinery Co., Ltd. (SZSE:000821) announces a share repurchase program. Under the program, the company will repurchase up to CNY 25 million worth of its A shares. The shares will be repurchased at a price not more than CNY 28 per share.

The shares repurchased will be used for equity incentives or employee stock ownership plans. The program will be funded from company's own funds or self-financed funds. The program will be valid for a period of 12 months.