Yantai Jereh Oilfield Services Group Co., Ltd. (SZSE:002353) announces a share repurchase program. Under the program, the company will repurchase up to CNY 250 million worth of its shares. The shares will be purchased at a price not exceeding CNY 40 per share.

The repurchased shares will be used for the implementation of ESOP. The program will be valid for 6 months.