Sichuan Hebang Biotechnology Corporation Limited (SHSE:603077) announces a share repurchase program. Under the program, the company will repurchase up to CNY 400 million worth of its shares. The shares will be repurchased at a price not more than CNY 3.50 per share.

Repurchased shares will be used for employee stock ownership plan or equity incentives. The program will be funded from company's own funds. The program will be valid for 3 months.