Yantai Jereh Oilfield Services Group Co., Ltd. (SZSE:002353) announces a share repurchase program. Under the program, the company will repurchase up to CNY 250 million worth of its shares. The shares may be repurchased at a price not exceeding CNY 40 per share. The repurchases will be funded from the company's own funds. The repurchased shares will be used for employee stock ownership plans or equity incentives. The repurchase program will be valid for 6 months.

On June 6, 2023, the company announced that after the 2022 equity distribution, the company adjusted the maximum repurchase price from not more than CNY 40 per share to not more than CNY 39.67 per share.