Gansu Shangfeng Cement Co.,Ltd (SZSE:000672) announces a share repurchase program. Under the program, the company will repurchase up to CNY 300 million worth of shares. The shares will be repurchased at a price of not more than CNY 25 per share.

The shares purchased will be used for the company's ESOP or equity incentives. The program will be valid for 12 months.