Ningbo Yunsheng Co., Ltd. (SHSE:600366) announces a share repurchase program. Under the program, the company will repurchase not more than 9,500,000 shares. The shares will be purchased at a price not exceeding CNY 15.96 per share.

The shares repurchased will be used for implementation of the employee stock ownership plan. The repurchases will be funded by the company's own or self-raised funds. The program will be valid for 12 months.