Shanghai Sheng Jian Environment Technology Co., Ltd. (SHSE:603324) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The shares will be repurchased at a price not more than CNY 41.43 per share.

The purpose of the program is to improve the company's long-term incentive mechanism, fully mobilize the enthusiasm of the employees, and jointly promote the company's long-term development. The repurchases will be funded from company's own funds. The authorization will be valid for a period of 12 months.