Jiangsu Hongdou Industrial Co.,LTD (SHSE:600400) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 40 million worth of its A shares. The shares will be repurchased at a price of CNY 3.95 per share.

The company will use its own fund to repurchase the shares. The purpose of the share repurchases is to use repurchased shares as the company?s equity incentive. The program is valid for 12 months.