Jiangsu Chinagreen Biological Technology Co.,Ltd. (SZSE:300970) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The shares will be purchased at a price not exceeding CNY 18.88 per share.

The repurchased shares will be used for incentive plans or employee stock ownership plans. The program will be funded from company's own funds. The program will be valid for 12 months.