Guizhou Tyre Co.,Ltd. (SZSE:000589) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 120 million worth of its shares. The shares will be repurchased at a price not more than CNY 6.18 per share.

The shares repurchased will be used for ESOP or equity incentives. The shares will be repurchased from company's own funds. The program will be valid for not more than 12 months.