Shanghai Pret Composites Co., Ltd. (SZSE:002324) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The repurchase price shall not be more than CNY 18.26 per share.

The repurchased shares will be used for equity incentive of employee shareholding plan. The program will be valid for 12 months.