Zhejiang Great Shengda Packaging Co.,Ltd. (SHSE:603687) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The repurchase price will not be more than CNY 11 per share.

The repurchased shares will be used for the implementation of ESOP or equity incentives. The program is valid for 12 months.