Guangdong Ganhua Science & Industry Co., Ltd. (SZSE:000576) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its class A shares. The shares will be repurchased at no more than CNY 10 per share.

The purpose of the program is to use the repurchased shares for equity incentives. The program will be funded from company's own funds. The plan will be valid for 12 months.