Hengyi Petrochemical Co., Ltd. (SZSE:000703) announces a share repurchase program. Under the program, the company will repurchase up to CNY 1,000 million worth of its shares. The shares will be repurchased at a price not more than CNY 10 per share.

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