Zhe Jiang Li Zi Yuan Food Co.,Ltd. (SHSE:605337) announces a share repurchase program. Under the program, the company will repurchase up to CNY 300 million worth of its shares. The shares will be repurchased at a price of not more than CNY 24.66 per share.

The repurchased shares will be used for implementation of employee shareholding plan or equity incentives. The program will be valid for 12 months.