Zhejiang Sanmei Chemical Industry Co., Ltd. (SHSE:603379) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its Class A common stock. The shares will be repurchased at a price of CNY 45.56 per share. The program will be funded from the company's own funds. The purpose of the program is employee stock ownership plans or stock incentives. The program will be valid for 12 months.