Jiangxi Chenguang New Materials Company Limited (SHSE:605399) announces a share repurchase program. Under the program, the company will repurchase up to CNY 33 million. The shares will be purchased at a price not exceeding CNY 20 per share.

The repurchased shares will be used for the implementation of ESOP or equity incentive plan. The program will be valid for 12 months.