Guangzhou Jointas Chemical Co., Ltd. (SZSE:002909) announces a share repurchase program. Under the program, the company will repurchase up to CNY 40 million worth of its common stock. The shares will be repurchased at a purchase price of CNY 14 per share. The repurchases will be sourced from company's own funds. The shares repurchased will be used to implement employee stock ownership plans or stock incentives. The program will be valid for 6 months.