Jafron Biomedical Co.,Ltd. (SZSE:300529) announces a share repurchase program. Under the program, the company will repurchase up to CNY 500 million worth of its shares. The shares will be repurchased at a price not more than CNY 36.11 per share.

The purpose of the program is conversion of the company?s convertible bonds, ESOP, or equity incentives. The repurchase period will be not more than 12 months.