Zhejiang Sanmei Chemical Industry Co., Ltd. (SHSE:603379) announces a share repurchase program. Under the program, the company will repurchase up to CNY 160 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 47.65 per share.

The repurchased shares will be used for the implementation of ESOP or equity incentive plan. The plan will be valid for 12 months.