Shanghai Wanye Enterprises Co.,Ltd (SHSE:600641) announces a share repurchase program. Under the program, the company will repurchase up to CNY 500 million worth of its common stock. The shares will be repurchased at a purchase price of CNY 19.90 per share.

The purpose of the program is to maintain company value and shareholder's equity. The program will be valid for 3 months.