Mingchen Health Co.,Ltd. (SZSE:002919) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 100 million worth of its A shares. The shares will be repurchased at a price of not more than CNY 24.79 per share.

The repurchased shares will be used for equity incentives or employee stock ownership plans. The shares will be repurchased out of own funds of the company or self-raised funds. The plan will be valid for 12 months.