Shenzhen Senior Technology Material Co., LTD (SZSE:300568) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be purchased at a price not exceeding CNY 25 per share.

The purpose of the program is to safeguard the interests of the majority of shareholders, enhance investor confidence, and establish and improve the company's long-term incentive mechanism. The repurchased shares will be used for the implementation of ESOP or equity incentive plan, otherwise will be cancelled if the company fails to transfer them within 36 months after the completion of the share repurchase. The program will be funded from company's own funds.

The program will be valid for 3 months.