Shanghai Guijiu Co.,Ltd (SHSE:600696) 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 32.60 per share.

The repurchased shares will be used for ESOP or equity incentives. The authorization will be valid for a period of 12 months.