Shanghai Research Institute of Building Sciences Group Co., Ltd. (SHSE:603153) announces a share repurchase program. Under the program, the company will repurchase up to CNY 120 million worth of its A shares. The shares will be repurchased at a price not more than CNY 23 per share.

The repurchased shares will be used for implementing employee stock ownership plans or equity incentives. The funds for the repurchases are the company's own funds. The program will be valid for a period of 12 months.