HaiXin Foods Co.,Ltd (SZSE:002702) 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 no more than CNY 6.22 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 for the above purposes within 36 months after the completion of this repurchase, the shares repurchased by the Company will be cancelled before the expiration of the 36-month period in accordance with the law. The repurchases will be funded from company's own funds.

The plan will be valid for 12 months.