Shanghai Sinyang Semiconductor Materials Co., Ltd. (SZSE:300236) announces a share repurchase program. Under the program, the company will repurchase up to CNY 160 million worth of shares. The shares will be repurchased at a price of not more than CNY 30 per share. The shares purchased will be used for the employee stock ownership plan or equity incentives. The program will be valid for 12 months.

On February 15, 2023, the company announced that it adjusted the repurchase price from not more than CNY 30 per share to not more than CNY 40 per share.