Shanghai Yuyuan Tourist Mart (Group) Co., Ltd. (SHSE:600655) announces a share repurchase program. Under the program, the company will repurchase its own shares for a total of CNY 200 million. The shares will be purchased at a price not exceeding CNY 9 per share.

The repurchased shares will be used for the implementation of ESOP or equity incentive plan. If the company fails to implement the share repurchase results and all repurchased shares that have been used within 3 years after the announcement of the change in shares will be cancelled. The program will be funded from company's own funds.

The program will be valid for 12 months.