Zhejiang Natural Outdoor Goods Inc. (SHSE:605080) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 60 million worth of its shares. The shares will be repurchased at a price of not more than CNY 42 per share.

The shares will be used for the later implementation of employee stock ownership plans or equity incentives. The shares will be repurchased out of own funds of the company. The plan will be valid for 6 months from the Board of Directors' approval.