Jiangsu SOPO Chemical Co. Ltd. (SHSE:600746) announces a share repurchase program. Under the program, the company will repurchase its own A shares for a total of CNY 90 million.

The shares will be purchased at a price not exceeding CNY 9.91 per share. The purpose of the program is to improve the company's long-term incentive mechanism, promote the company's stable, healthy and sustainable development, and effectively protect the legitimate rights and interests of all shareholders. The repurchased shares will be used for the implementation of ESOP or equity incentive plan.

If the company fails to use up the repurchased shares within 3 years after the announcement of the share repurchase implementation results and share changes, the unused repurchased shares will be cancelled. The program will be funded from company's own funds or self-raised funds. The program will be valid for 12 months.