Shandong Dawn Polymer Co.,Ltd. (SZSE:002838) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its common A shares. The shares will be repurchased at a price not more than CNY 16 per share.

Repurchased shares will be used for employee shareholding plan or as equity incentive. Repurchases will be funded using company's own funds. The program will be valid for 12 months.