Shanying International Holdings Co.,Ltd (SHSE:600567) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 700 million worth of it?s A shares. The shares will be repurchased at a price not more than CNY 1.7 per share.

The repurchased shares will be used to convert corporate bonds issued by the company that can be converted into shares. The program will be funded from company's own funds. The program will be valid for a period of 6 months until December 23, 2024.