Sinoseal Holding Co., Ltd. (SZSE:300470) announces a share repurchase program. Under the program, the company will repurchase up to repurchase its shares for a total of CNY 100 million. The shares will be purchased at a price not exceeding CNY 45 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 company will use it's own funds to repurchase shares. The program will be valid for 12 months.