Shengtak New Material Co., Ltd (SZSE:300881) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 22.01 per share.

The shares purchased will be used for equity incentives plan or ESOP. The program will be valid till 12 months.