Grinm Advanced Materials Co., Ltd. (SHSE:600206) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The shares will be repurchased at a price not more than CNY 15.53 per share.

The shares repurchased are intended to be used to maintain the company's value and shareholders' rights or to be used for equity incentives and employee stock ownership plans at appropriate times in the future. The funds for the repurchases are a part of the company?s over-raised funds. The program will be valid for a period of 3 months.