Zhejiang XinNong Chemical Co.,Ltd. (SZSE:002942) announces a share repurchase program. Under the program, the company will repurchase up to CNY 80 million worth of its shares. The shares will be repurchased at a price not more than CNY 23.80 per share. The repurchased shares will be used for equity incentives or employee stock ownership plan. The program will be valid for a period of 12 months.