Wenfeng Great World Chain Development Corporation (SHSE:601010) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 100 million worth of its shares. The shares will be repurchased at a price of not more than CNY 3.71 per share.

The repurchased shares will be used for employee stock ownership plans. The plan will be valid for 12 months.