Ningbo Boway Alloy Material Company Limited (SHSE:601137) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The shares will be repurchased at a price not more than CNY 15 per share. The repurchases will be funded using company's own funds. The shares repurchased will be used for equity incentive plan or otherwise will be cancelled. The program will be valid for 12 months or will expire earlier if company's repurchase shares reaches the maximum limit, the repurchase plan is completed and/or board of directors resolves to terminate the repurchase plan.