Keda Industrial Group Co., Ltd. (SHSE:600499) announces a share repurchase program. Under the program, the company will repurchase up to 30,000,000 A shares. The shares will be repurchased at a price not more than CNY 15 per share.

The repurchased shares will be used for the company's employee stock ownership plan and/or equity incentives. The program will be valid until December 31, 2023.