Zhe Jiang Taihua New Material Co., Ltd. (SHSE:603055) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 0.65% of its total share capital for CNY 60 million. The shares will be repurchased at price not more than CNY 12 per share. The purpose of the program is to provide ESOP and/or equity incentives. The program is valid for 12 months.