Qingdao Sentury Tire Co., Ltd. (SZSE:002984) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 300 million worth of its A-shares. The shares will be repurchased at a price not more than CNY 40 per share.

The shares repurchased will be used for equity incentive plan. The program will be funded from company's own funds. The program will be valid for not more than 8 months.