Lafang China Co.,Ltd (SHSE:603630) announces a share repurchase program. Under the program, the company will repurchase up to CNY 40 million worth of its shares. The shares will be repurchased at a price not more than CNY 23.67 per share.

The repurchased shares will be used to implement equity incentives. The program will be funded from company's own funds. The repurchase program will be valid for 12 months.