HMT (Xiamen) New Technical Materials Co., Ltd (SHSE:603306) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 120 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 40 per share.

The repurchased shares will be used for the implementation of ESOP or equity incentive plan. The program will be funded from company's own funds or self-financed funds. The plan will be valid for 6 months.