Zhejiang Weixing New Building Materials Co., Ltd. (SZSE:002372) announces a share repurchase program. Under the program, the company will repurchase up to CNY 300 million worth of its shares. Repurchase price will not be more than CNY 18 per share.

Shares repurchased will be used for equity incentive or employee stock ownership plan. Repurchases will be funded using company's own funds. The program is valid for 6 months.