PhiChem Corporation (SZSE:300398) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at a price of CNY 41.53 per share. The purpose of the share repurchases will be used to implement the equity incentive plan. The share repurchases will be funded from company's own funds. The program is valid for 12 months.

On June 16, 2022, the company announced that it has adjusted its repurchase price to not more than CNY 41.46 per share.