Beijing Oriental Yuhong Waterproof Technology Co., Ltd. (SZSE:002271) announces a share repurchase program. Under the program, the company will repurchase up to CNY 2,000 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 55.79 per share.

The shares purchased will be used for the company's equity incentive plan or employee stock ownership plans. The program will be funded out of the company's own funds. The program will be valid till 12 months.