Qingdao Richen Food Co.,Ltd. (SHSE:603755) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The shares will be repurchased at no more than CNY 28 per share.

The purpose of the program is to practice the "investor-oriented" development concept of listed companies, safeguard the interests of all shareholders of the company and enhance investors' recognition and investment confidence in the company's long-term value. The program will be funded from company's own funds. The plan will be valid for 3 months.