Highbroad Advanced Material (Hefei) Co., Ltd. (SZSE:301321) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The shares will be repurchased at no more than CNY 20 per share.

The purpose of the program is to safeguard the company's value and shareholders' rights. The repurchases will be funded from company's own funds. The plan will be valid for 3 months.