Bide Pharmatech Co., Ltd. (SHSE:688073) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its A shares. Shares will be repurchased at a price not more than CNY 95 per Share.

All the shares repurchased will be used for the implementation of employee stock ownership plans or equity incentives. If the company fails to use the shares for said purpose within three years after the completion of the program, procedures for reducing the registered capital will be implemented in accordance with the law, and the un transferred shares will be cancelled. The program will be funded from company's super raised funds and own funds.

The program will be valid for a period of 12 months.