Zhuzhou Kibing Group Co.,Ltd (SHSE:601636) announces a share repurchase program. Under the program, the company will repurchase up to 50,000,000 shares, for a total of CNY 450 million worth of its shares. The shares will be purchased at a price not exceeding CNY 15 per share.

The repurchased shares will be used for the implementation of ESOP or equity incentive plan. The plan will be valid till May 25, 2024.