Inner Mongolia Yili Industrial Group Co., Ltd. (SHSE:600887) announces a share repurchase program. Under the program, the company will repurchase up to CNY 2,000 million worth of shares. The shares will be purchased at a price not exceeding CNY 41.88 per share.

The repurchased shares will be used to cancel and reduce the registered capital in accordance with the law. If the company fails to use up the repurchased shares within three years after the announcement of the share repurchase results and share changes, the unused repurchased shares will be cancelled. The program will be funded from company's own funds.

The program is valid for 12 months.