Qingdao Haier Biomedical Co., Ltd. (SHSE:688139) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of shares. The shares will be repurchased at a price of not more than CNY 99.49 per share.

The shares purchased will be used for the company's equity incentive plans or employee stock ownership plans. The program will be valid for 12 months.