Zhejiang Dafeng Industry Co., Ltd (SHSE:603081) announces a share repurchase program. Under the program, the company will repurchase up to CNY 20 million worth of its A share. The company will repurchase its shares at a price not more than CNY 22.50 per share.

The company plans to use its own funds to repurchase its shares.The repurchased shares will be used to convert corporate bonds issued by listed companies that can be converted into stocks. The program will be valid for a period of 12 months.