Shanghai Shuixing Home Textile Co., Ltd. (SHSE:603365) announces a share repurchase program. Under the program, the company will repurchase up to CNY 75 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 21.53 per share.

The repurchased shares will be used for employee stock ownership plan and equity incentives. The repurchase program will be valid for a period of 12 months.