Nanya New Material Technology Co.,Ltd (SHSE:688519) announces a share repurchase program. Under the program, the company will repurchase up to CNY 150 million worth of its A shares. The shares will be repurchased at a price not more than CNY 27.5 per share.

The repurchases will be sourced from company's own funds. The purpose of repurchase program is to maintain company value and shareholder rights. The authorization will be valid for a period of 3 months.