Jianglong Shipbuilding Co., Ltd. (SZSE:300589) announces a share repurchase program. Under the program, the company will repurchase shares representing 0.94% of its issued share capital, for CNY 50 million worth of its shares. The repurchase price will not be more than CNY 24 per share.

The repurchased shares will be used for ESOP or equity incentives. The source of funds for the share repurchase is the company's own funds. The repurchase program will not be more than 6 months.