Jiangsu Yahong Meditech Co., Ltd. (SHSE:688176) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The repurchase price will not be more than CNY 12.80 per share.

The repurchased shares will be used as equity incentive and/or employee shareholding plan. The repurchases will be funded using excess portion of raised funds from the company?s initial public offering of CNY common shares. The program is valid for 12 months.