Yifan Pharmaceutical Co., Ltd. (SZSE:002019) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its ordinary shares (A shares). The price to be paid for repurchases will not be more than CNY 20 per share.

The repurchased shares will be used for the implementation of equity incentives or employee stock ownership plans. If the company fails to use the repurchased shares within 36 months after completion of the program, the unused share repurchases will be cancelled in accordance with the law. The repurchases will be funded from company's own fund.

The program will be valid till 12 months.