Penyao Environmental Protection Co., Ltd. (SZSE:300664) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 200 million worth of its A shares. The shares will be repurchased at a price not more than CNY 6.8 per share.

The purpose of share repurchase program is to maintain company value and shareholders rights. The program will be valid for not more than 3 months.