Shenma Industry Co.Ltd (SHSE:600810) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 100 million worth of its shares. The shares will be repurchased at a price not more than CNY 10.56 per share.

The shares repurchased will be used for ESOP or equity incentives, or shares for the Company?s convertible bonds. The program will be valid for not more than 6 months.