Hangzhou Bio-Sincerity Pharma-Tech Co.,Ltd. (SZSE:301096) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its A shares. The shares will be repurchased at a price of CNY 90 per share.

The repurchased shares will be used for employee stock ownership plans or equity incentives. The source of funds for this share repurchase is the company's own funds. The authorization will be valid for a period of 12 months.