Gansu Shangfeng Cement Co.,Ltd (SZSE:000672) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 10.4 per share.

The purpose of this share repurchase is necessary to maintain the company's value and shareholders' interests. The repurchased shares will be sold at an appropriate time twelve months after the company discloses the results of this repurchase and the announcement of share changes. If the company fails to implement the above-mentioned purpose within 36 months after the completion of the share repurchase, the unused portion will be cancelled.

The program will be funded from company's own funds. The program will be valid for 3 months.