Xingtong Shipping Co., Ltd. (SHSE:603209) announces a share repurchase program. Under the program, the company will repurchase up to CNY 80 million worth of its shares. The shares will be repurchased at a price of CNY 27 per share.

The company plans to use its own funds to repurchase its shares. The repurchased shares will be used for employee stock ownership plans or equity incentive plans. The program will be valid for a period of 12 months.