Jiangsu HSC New Energy Materials Co.,LTD. (SHSE:688353) 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 50 per share.

The repurchased shares will be used for ESOP and/or equity incentives. The program will be valid for a period of 12 months.