Ningxia Zhongyin Cashmere Co., Ltd. (SZSE:000982) announces a share repurchase program. Under the program, the company will repurchase up to CNY 40 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 1.92 per share.

The purpose of the program is to safeguard company value and shareholder rights, and shares repurchased will be sold. The program will be funded out of the company's own funds. The program will be valid till 3 months.