Shanghai Bairun Investment Holding Group Co., Ltd. (SZSE:002568) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The shares will be repurchased at a price of CNY 39.10 per share.

The purpose of the buyback is to repurchase shares for the conversion of the Company?s convertible bonds. The funds for this share repurchase come from the company's own resources. The authorization will be valid for a period of 6 months.