Shanghai Chengtou Holding Co.,Ltd (SHSE:600649) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 100 million worth of its shares. The shares will be repurchased at a price not more than CNY 5.95 per share.

The source of funds for the share repurchase is the company's own funds. The purpose of the program is to maintain the company's value and shareholders' rights and interests. The program will be valid for not more than 3 months.