Shanghai Pret Composites Co., Ltd. (SZSE:002324) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 150 million worth of its shares. The shares will be repurchased at a price of not more than CNY 20.63 per share.

The repurchased shares will be used for ESOP or equity incentives. The shares will be repurchased out of own funds of the company. The plan will be valid for 12 months.