Novogene Co., Ltd. (SHSE:688315) announces a share repurchase program. Under the program, the company will repurchase up to CNY 160 million worth of its shares. The shares will be repurchased at no more than CNY 28.53 per share.

The purpose of the program is to use the repurchased shares for equity incentives or employee stock ownership plans. If the company fails to use the shares for said purpose with in three years of completion of the plan, the unused shares will be cancelled. The program will be funded from company's own funds.

The plan will be valid for 12 months.