S.F. Holding Co., Ltd. (SZSE:002352) announces a share repurchase program. Under the program, the company will repurchase up to CNY 2,000 million worth of its shares. The share swill be purchased at a price not exceeding CNY 70 share.

The shares purchased will be used for stock ownership or employee incentive plan. The repurchases will be funded by company's own funds. The plan will be valid for 12 months.