Apple Flavor & Fragrance Group Co.,Ltd. (SHSE:603020) announces a share repurchase program. Under the program, the program, the company will repurchase up to CNY 100 million worth of its common stock at a purchase price of CNY 12.50 per shares. The buyback will be funded from company's own funds.

The purpose of the program is to used in the company's employee equity incentive plan and/or employee stock ownership plan. The program will be valid for 12 months.