Jiangsu Libert INC. (SHSE:605167) announces a share repurchase program. Under the program, the company will repurchase not more than 5,000,000 shares for CNY 60 million. The shares will be repurchased at a price not more than CNY 12 per share.

The purpose of the program is to build a stable investor structure, enhance investor confidence and enhance the long-term investment value of the company's stocks. The shares repurchased will be used for employee stock ownership plans or equity incentives. The program will be funded from company's own funds.

The program will be valid for not more than 12 months, until October 26, 2023.