Guangdong Jialong Food Co., Ltd. (SZSE:002495) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at a price not more than CNY 2.20 per share.

The repurchased shares will be used for ESOP or equity incentives and shares that are not used will be cancelled. The repurchase will be funded from company's own funds. The authorization will be valid for a period of 12 months.