Guangdong Modern High-tech Fiber Co., Ltd (SZSE:300876) announces a share repurchase program. Under the program, the company will repurchase up to CNY 24 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 21 per share. The shares purchased will be used for ESOP or equity incentives. The program will be valid till 12 months.

On April 26, 2024, the company announced that it has adjusted its share repurchase price to CNY 20.80 per share. The company's adjustment to the price limit for the share repurchase will take effect from May 7, 2024.