Yunnan Energy New Material Co., Ltd. (SZSE:002812) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 500 million worth of its shares. The shares will be repurchased for a price not more than CNY 101 per share.

The shares repurchased will be used for ESOP or equity incentives. The plan will be valid for 6 months.