Sichuan Hebang Biotechnology Corporation Limited (SHSE:603077) announces a share repurchase program. Under the program, the company will repurchase up to CNY 400 million worth of its shares. The shares will be repurchased at a price not more than CNY 3.54 per share.

Repurchased shares will be used for r employee stock ownership plans or equity incentives. If the company fails to use the shares for the said purpose within 3 years of completion of the plan, the unused shares will be cancelled. The program will be funded from company's own funds.

The program will be valid for 3 months.