Shandong Jincheng Pharmaceutical Group Co., Ltd (SZSE:300233) announces a share repurchase program. Under the program, the company will repurchase CNY 70 million worth of its shares. The shares will be repurchased at a price of not more than CNY 22 per share.

The purpose of the program is to maintain company value and shareholder rights. The program is valid for 3 months.