Xiamen Yanjan New Material Co., Ltd. (SZSE:300658) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 9.41 per share.

The repurchased shares will be sold in accordance with relevant regulations, otherwise will be cancelled if the company fails to transfer them within the time limit stipulated by relevant laws and regulations. The program will be funded from company's own funds. The program will be valid for 3 months.