Changzhou Tronly New Electronic Materials Co., Ltd. (SZSE:300429) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its shares. The shares will be purchased at a price not exceeding CNY 12 per share.

The repurchased shares will be used for implementing employee stock ownership plan or equity incentive plan. The program will be funded from company's own funds. The program will be valid for 12 months.