Keda Industrial Group Co., Ltd. (SHSE:600499) announces a share repurchase program. Under the program, the company will repurchase up to CNY 500 million worth of shares. The shares will be repurchased at a price of not more than CNY 20 per share.

The shares purchased will be used for the company's equity incentive plan and/or equity incentives. The program will be funded out of the company's own funds or other legal funds. The program will be valid till August 23, 2023.