Shanghai Smith Adhesive New Material Co.,Ltd (SHSE:603683) announces a share repurchase program. Under the program, the company will repurchase up to CNY 32 million worth of its shares. The repurchase price will not more than CNY 13.52 per Share.

The purpose of the program is to maintain the value and shareholder rights. The repurchases will be funded using company's own funds. The repurchase period will be not more than 3 months.