Tianyang New Materials (Shanghai) Technology 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 15 per share.

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