Rongsheng Petrochemical Co., Ltd. (SZSE:002493) announces a share repurchase program. Under the program, the company will repurchase up to CNY 2,000 million worth of its shares. Shares will be repurchased at a price not more than CNY 18 per share.

Repurchased shares will be used for the conversion of the company?s convertible bonds or ESOP. The program is valid for 12 months.