Guangbo Group Stock Co., Ltd. (SZSE:002103) announces a share repurchase program. Under the program, the company will repurchase up to repurchase its A shares for a total of CNY 30 million. The shares will be purchased at a price not exceeding CNY 7 per share.

The repurchased shares will be used for the implementation of employee shareholding plan or as equity incentive. The company will use it's own funds to repurchase shares. The program will be valid for 6 months.