NanHua Bio-medicine Co., Ltd. (SZSE:000504) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its common shares. The shares will be purchased at a price not exceeding CNY 9 per share. The repurchased shares will be used for the company’s equity incentive plan. The program will be valid for 12 months from the date of the Board of Director’s meeting.