Puyang Refractories Group Co., Ltd. (SZSE:002225) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 5.18 per share.

The shares purchased will be used for equity incentives plan. The program will be valid till 6 months.