Juneyao Grand Healthy DrinksCo.,Ltd. (SHSE:605388) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its Class A shares. The shares will be repurchased at no more than CNY 14.84 per share.

The purpose of the program is to use the repurchased shares for employee stock ownership plans or equity incentives. If the company fails to use the repurchased shares within 3 years from the completion of the plan, the unused shares will be cancelled. The company will use its own funds for repurchase of shares.

The plan will be valid for 12 months.