Xiamen Jihong Package Technology Ltd. (SZSE:002803) commences share repurchases on January 26, 2018, under the program mandated by the shareholders in the Annual General Meeting held on January 15, 2018. As per the mandate, the company is authorized to repurchase up to 2,000,000 shares, for a total consideration of not more than CNY100 million. The shares will be repurchased at a price of not more than CNY50 per share. The purpose of the program is to implement company's equity incentive plan or ESOP. The program will run for a period of 6 months from the date of shareholders approval.