Shunfa Hengye Corporation (SZSE:000631) announces a share repurchase program. Under the program, the company will repurchase up to 55,311,760 shares, for CNY 287.62 million. The shares will be repurchased at a price not more than CNY 5.2 per share.

The shares repurchased will be used for equity incentive plan or ESOP. The program will be valid till April 13, 2022.