Suzhou Shihua New Material Technology Co., Ltd. (SHSE:688093) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of its shares. The shares will be repurchased at a price not more than CNY 26 per share.

The repurchased shares will be used for ESOP or equity incentives. The authorization will be valid for a period of 12 months.