Zhejiang China Light&Textile Industrial City Group Co.,Ltd (SHSE:600790) announces a share repurchase program. Under the program, the company will repurchase up to CNY 806 million worth of its shares. The shares will be repurchased at a price not more than CNY 5.50 per share.

The shares repurchased will be used for ESOP or equity incentives. The program will be funded from company's own funds. The plan will be valid for 12 months.