PharmaResources (Shanghai) Co., Ltd. (SZSE:301230) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 45 per share.

The repurchased shares will be used for Employees? shareholding plan or equity incentive plan. The program will be valid for 12 months.