Sichuan Hebang Biotechnology Corporation Limited (SHSE:603077) announces a share repurchase program. Under the program, the company will repurchase up to CNY 400 million worth of its shares. The shares will be repurchased at a price not more than CNY 3.52 per share.

Repurchased shares will be used for ESOP or equity incentives. The program will be valid for 2 months.