Shanghai Model Organisms Center, Inc. (SHSE:688265) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of its shares. The repurchase price will be not more than CNY 50 per share.

Shares repurchased will be used for employee stock ownership plan or equity incentive. Repurchases will be funded using company's own funds. The program will be valid for 12 months.