Sinotrans Limited (SEHK:598) announces a share repurchase program. Under the program, the company will repurchase up to CNY 542 million worth of its Class A shares. The shares will be repurchased at a price not more than CNY 7.43 per share.

The program will be funded using the company's own funds. The purpose of the program is aligning the interests of investors, enhancing investors? confidence in the company, stabilizing and enhancing the value of the company.

The shares repurchased will be cancelled and the registered capital of the company will be reduced The program will be valid for a period of 12 months.