Anhui Kouzi Distillery Co., Ltd. (SHSE:603589) announces a share repurchase program. Under the program, the company will repurchase up to CNY 110 million worth of shares. The price to be paid for share repurchase will not be more than CNY 55 per share.

The purpose of the program is to use the repurchased shares for equity incentives or employee stock ownership plans. If the company fails to use the repurchased shares within 3 years after the completion of the program, the unused shares will be cancelled. The program will be funded from company's own funds.

The plan will be valid for 12 months.