Jointown Pharmaceutical Group Co., Ltd (SHSE:600998) announces a share repurchase program. Under the program, the company will repurchase up to CNY 300 million worth of its shares. The shares will be repurchased at a purchase price of CNY 8.20 per share.

The purpose of the program is to use the repurchased shares for the employee stock ownership plan. If the company fails to use the repurchased shares for the above mention purpose with in 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 program will be valid for a period of 6 months.