Shanghai Yuyuan Tourist Mart (Group) Co., Ltd. (SHSE:600655) announces a share repurchase program. Under the program, the company will repurchase up to 20,000,000 shares, representing 7.45% of its issued share capital. The shares will be repurchased at a price not more than CNY 14.5 per share.

The source of funds for this repurchase is the company's own funds. The shares repurchased this time are intended to be used for the implementation of the company's employee stock ownership plan or equity incentive plan. The plan will be valid for 6 months.