DeHua TB New Decoration Material Co.,Ltd (SZSE:002043) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The shares will be repurchased at a price not more than CNY 13.60 per share.

The purpose of the program is to reduce share capital, to merge with other companies that hold company's shares, to use shares for employee stock ownership plans or equity incentives or to convert corporate bonds and to maintain company's value and shareholder's rights and interests. The program will be funded from company's own funds or self-raised funds. The plan will be valid for 3 months or till the maximum limit under the plan is reached unless board terminates the plan earlier.