Shanghai Tianyang Hot Melt Adhesives Co., Ltd. (SHSE:603330) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its ordinary A shares. The shares will be repurchased at a price not more than CNY 42.53 per share.

The share repurchase program will be funded from company's own funds. The repurchased shares will all be used as the source of the company's employee stock ownership plan. If the company fails to implement the above purpose within 36 months after the completion of the share repurchase, or the repurchased shares have not been fully used for above mentioned purposes, the unused part will be cancelled according to law, and the company will initiate a separate disposal procedure.

The share repurchase program will be valid for a period of 12 months, until March 7, 2022.