Jiangsu Hengxing New Material Technology Co.,Ltd. (SHSE:603276) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of its shares. The repurchase price will not more than 150% of the average trading price of the company's stock in the 30 trading days before the board of directors passes the resolution to repurchase shares.

The repurchased shares will be used to maintain the value and shareholder rights. The repurchases will be funded using company's own funds. The repurchase period will be not more than 3 months.