Hubei Zhenhua Chemical Co.,Ltd. (SHSE:603067) announces a share repurchase program. Under the program, the company will repurchase up to CNY 80 million worth of its shares. The shares will be repurchased at a price not more than CNY 13.39 per share.

The repurchased shares will be used for Equity incentives, ESOP, convertible bonds. The authorization will be valid for a period of 12 months.