Guangxi Fenglin Wood Industry Group Co.,Ltd (SHSE:601996) announces a share repurchase program. Under the program, the company will repurchase up to CNY 150 million worth of its shares. The shares will be repurchased at price not more than CNY 4.20 per share.

The purpose of the program is to implement equity incentives program or ESOP. The program will be valid for 12 months from the date of approval.