Shandong Yulong Gold Co., Ltd. (SHSE:601028) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at a price not more than CNY 15 per share.

The repurchased shares will be used for employee stock ownership plans or equity incentives. The program will be valid for a period of 6 months.