Shanghai Baolijia Chemical Co., Ltd. (SZSE:301037) announces a share repurchase program. Under the program the company will repurchase up to CNY 38 million worth of its shares. The shares will be repurchased at no more than CNY 19 per share.

The purpose of the program is to use the repurchased shares for ESOP or equity incentives. The program will be funded from company's own funds. The plan will be valid for 12 months.