Beijing Comens New Materials Co.,Ltd. (SZSE:300200) 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 purchased at a price not exceeding CNY 11 per share.

The repurchased shares will be used for employee stock ownership plans or equity incentive plans. If the company fails to use up the repurchased shares within three years after the implementation results of this share repurchase and the announcement of share changes, the shares that have not been used will be cancelled in accordance with the law. The program will be funded from company's own funds.

The program will be valid for 12 months.