Shanghai M&G Stationery Inc. (SHSE:603899) announces a share repurchase program. Under the program, the company will repurchase up to CNY 300 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 65 per share.

The repurchased shares will be used for the implementation of ESOP or equity incentive plan. The program will be funded from company's own funds. The program will be valid for 6 months from the date of the Board meeting.