Shanghai Baosteel Packaging Co., Ltd. (SHSE:601968) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its A shares. The shares will be repurchased at a price not more than CNY 7.66 per share.

The repurchased shares will be used for Equity incentives plan. The authorization will be valid for a period of 12 months.