Hunan Sokan New Materials Co., Ltd. (SHSE:688157) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of its shares. The shares will be repurchased at a price not more than CNY 59.27 per share.

The repurchased shares will be used for Employees? shareholding plan or equity incentive plan. The authorization will be valid for a period of 12 months.