Zhejiang Walrus New Material Co.,Ltd. (SZSE:003011) announces a share repurchase program. Under the program, the company will repurchase up CNY 70 million worth of its shares. The repurchase price will not more than CNY 32 per share. The Company will use its own funds to repurchase the shares. The repurchased shares will be used for the implementation of ESOP or equity incentive plan. The plan will be valid for 12 months.

On May 19, 2023, the company announced that the upper limit of the repurchase price was adjusted from no more than CNY 32 per share to no more than CNY 31.71 per share, which will take effect from May 26, 2023.