Qinghai Spring Medicinal Resources Technology Co., Ltd. (SHSE:600381) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its shares. The shares will be repurchased at no more than CNY 8.19 per share.

The purpose of the program is to maintain company's value and shareholders' equity. The repurchased shares will be used for subsequent sales according to regulations. The program will be funded from company's own funds.

The plan will be valid for 3 months.