Shanghai Guijiu Co.,Ltd. (SHSE:600696) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 40 million worth of its own shares. The shares will be repurchased at a price not more than CNY 44.46 per share.

The shares repurchased are intended to be used for the employee stock ownership plan. The program will be financed from the company's own funds. The plan will be valid for a period of 12 months.