Hangzhou Biotest Biotech Co.,Ltd. (SHSE:688767) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be purchased at a price not exceeding CNY 40 per share.

The repurchased shares will be used for employee stock ownership plans, equity incentive plans. If the company fails to transfer the shares to said purpose after 3 years of completion of share repurchase, it will carry out the procedures for reducing the registered capital and will logout the shares in accordance with law. The program will be funded from company's own funds.

The program will be valid for 12 months.