Anhui Huamao Textile Co., Ltd. (SZSE:000850) announces a share repurchase program. Under the program, the company will repurchase up to CNY 96 million worth of its shares. The shares will be repurchased at a price not more than CNY 4.80 per share.

The repurchased share will be used to maintain the company's value and shareholders' rights and to enhance investors' confidence in the company's investment. The company plans to use its own funds to repurchase its shares. The program will be valid for a period of 3 months.