Qingdao Hiron Commercial Cold Chain Co., Ltd. (SHSE:603187) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at a price not more than CNY 24 per share.

The repurchased shares will be used for ESOP or equity incentives. The program will be valid for a period of 12 months.