Nanjing Tanker Corporation (SHSE:601975) announces an share repurchase program. Under the program, the company will repurchases CNY 400 million worth of its shares. The shares will be repurchases at a price of CNY 4.32 per share.

The Purpose of the program is cancel and reduce registered capital and fund will be using own funds. The repurchase program is subject to shareholder's approval. The program will valid till not more than 12 months.