ShenZhen YUTO Packaging Technology Co., Ltd. (SZSE:002831) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 200 million worth of its shares. The shares will be repurchased at a price, not more than CNY 48.84 per share.

The repurchases will be funded from company's own funds. The shares will be repurchased to be used for the company's ESOP or equity incentives. The plan will be valid for 12 months.