JL Mag Rare-Earth Co., Ltd. (SZSE:300748) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The repurchase price will not be more than CNY 24.82 per share.

The repurchased shares will be used for ESOP or equity incentives. The program is valid for 12 months.