Jiangsu Libert INC. (SHSE:605167) announces a share repurchase program. Under the program, the company will repurchase no more than 10,000,000 shares for CNY 70 million. The shares will be repurchased at no more than CNY 15 per share.

The purpose of the program is to use the repurchased shares for equity incentives or employee stock ownership plans. The program will be funded from company's own funds. The plan will be valid for 12 months.