Hangzhou First Applied Material Co., Ltd. (SHSE:603806) announces a share repurchase program. Under the program, the company will repurchase up to CNY 150 million worth of its shares. The shares will be repurchased at a price not more than CNY 46.37 per share.

The shares repurchased will be used for ESOP or equity incentives. The program will be valid for a period of 12 months.