Lanzhou Lishang Guochao Industrial Group Co.,Ltd (SHSE:600738) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The shares will be purchased at a price not exceeding CNY 6.98 per share.

The purpose of program is to protect the rights and interests of all shareholders of the Company, enhance investor confidence, and promote the company's long-term, healthy and sustainable development. The repurchased shares will be sold. The program will be valid for 3 months.