Anshan Hifichem Co., Ltd. (SZSE:300758) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of shares. The shares will be repurchased at a maximum price of CNY 19.6 per share.

The repurchased shares will be used for subsequent implementation of the employee stock ownership plan or equity incentive plan. The program will be funded from own funds of the company. The program will run for 12 months from the date of approval by the board.