S.F. Holding Co., Ltd. (SZSE:002352) announces a share repurchase program. Under the program, the company will repurchase up to CNY 1,000 million worth of its A shares. The shares will be repurchased at a price of CNY 53 per share.

The repurchased shares will be used as employee shareholding plan or as equity incentive plan. The company will use its own funds to repurchase its shares. The plan will be valid for 12 months.