Vcanbio Cell & Gene Engineering Corp., Ltd (SHSE:600645) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its Class A shares. The company will use CNY 100 million for the equity incentive and CNY 100 million for maintaining company value and shareholder rights.

The shares will be repurchased at no more than CNY 22 per share. The plan will be valid for 3 months for maintaining company value and shareholder rights and 12 months for equity incentives.