JINHUI LIQUOR Co.,Ltd. (SHSE:603919) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The shares will be repurchased at a price not more than CNY 28 per share.

The purpose of the program is to safeguard the interests of all shareholders, improve the company's long-term incentive mechanism, and fully mobilize core backbones and outstanding talents, improve cohesion, closely integrate the interests of shareholders, the company and employees, and promote the company's stable, healthy and sustainable development. The funds for the repurchases are the company's own funds. The program will be valid for a period of 12 months.