Guangdong Haomei New Materials Co.,Ltd (SZSE:002988) announces a share repurchase program. Under the program, the company will repurchase up to CNY 210 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 21 per share.

The repurchased shares will be used for the conversion of convertible corporate bonds issued by the company. The program will be funded from company's own funds. The program is valid for 6 months.