Quechen Silicon Chemical Co., Ltd. (SHSE:605183) 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 no more than CNY 20 per share.

The purpose of the program is to use the repurchased shares for equity incentives or employee stock ownership plans. If the company fails to use the shares for said purpose with in 36 months of completion of the plan, the unused shares will be cancelled. The program will be funded from company's own funds.

The plan will be valid for 6 months.