Fujian Yuanxiang New Materials Co.,Ltd (SZSE:301300) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 35 per share.

The shares purchased will be used for the maintain company?s value and shareholders? equity. The program will be valid till 3 months.