Yantai Shuangta Food Co., Ltd. (SZSE:002481) announces a share repurchase program. Under the program, the company will repurchase up to CNY 300 million worth of its class A shares. The shares will be repurchased at a price of not more than CNY 15.9 per share.

The purpose of the share repurchases is for equity incentive plans. The source of funds for the program is the company's own funds. The program is valid for 12 months.