Shandong Weigao Orthopaedic Device Co., Ltd (SHSE:688161) announces a share repurchase program. Under the program, the company will repurchase CNY 120 million worth of its shares. The shares will be repurchased at a price not more than CNY 50 per share.

The repurchased shares will be used for employee stock ownership plan or equity incentives. The program will be valid till 12 months.