Zhejiang Jiuzhou Pharmaceutical Co., Ltd (SHSE:603456) 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 more than CNY 60 per share.

The repurchases will be funded by the company's own funds. The shares repurchased will be used for the subsequent implementation of the equity incentive plan. The plan will be valid for 12 months.