Zhejiang Orient Gene Biotech Co.,Ltd (SHSE:688298) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at a price not more than CNY 39.33 per share.

The repurchased shares will be used for employee stock ownership plans or equity incentives, otherwise will be cancelled if the company fails to transfer them within the time limit stipulated by relevant laws and regulations. The repurchases will be made from company's own funds or self-raised funds. The authorization will be valid for a period of 12 months.