Guangdong Tianan New Material Co., Ltd. (SHSE:603725) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The shares will be repurchased at a price not more than CNY 8 per share.

The repurchased shares will be used for maintaining company value and shareholder rights and the rest for ESOP or equity incentives. The repurchases will be funded using company's own funds. The authorization will be valid for a period of 3 months.