Xinfengming Group Co., Ltd. (SHSE:603225) announces a share repurchase program. Under the program, the company will repurchase up to CNY 150 million worth of its class A shares. The shares will be repurchased at no more than CNY 16 per share.

The repurchased shares will be used for ESOP or equity incentives. The program will be valid for 12 months.