Shandong Huifa Foodstuff Co.,Ltd. (SHSE:603536) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to CNY 60 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 14.12 per share.

The repurchased shares will be used for the implementation of equity incentive plan. The program will be funded from company's own funds or self-raised funds. The program will be valid for 12 months.