Sichuan Teway Food Group Co.,Ltd (SHSE:603317) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 240 million worth of its Class A shares. The shares will be repurchased at a price not more than CNY 24 per share.

The repurchases will be funded using the company's own funds. The repurchased shares will be used to implement equity incentive plans or employee stock ownership plans. The program will be valid for 12 months.