Chongqing Iron & Steel Company Limited (SEHK:1053) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its A shares. The shares will be repurchased at a price of not more than CNY 2 per share.

The program will be funded using self-raised funds of the company. The repurchased shares will be used for equity incentives. The program will be valid for not more than 6 months.