Guangzhou Kingmed Diagnostics Group Co., Ltd. (SHSE:603882) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its shares. The shares will be repurchased at a price not more than CNY 80 per share.

The repurchased shares will be used for equity incentives. If the company fails to use the repurchased shares for the said purpose within 3 years after the completion of the program, the unused shares will be cancelled. The source of funds for this share repurchase is the company's own funds.

The authorization will be valid for a period of 12 months.