China National Chemical Engineering Co., Ltd (SHSE:601117) announces a share repurchase program. Under the program, the company will repurchase up to 61,090,000 shares, representing 1% of its total share capital for CNY 91,000 million. The shares will be repurchased at a price of CNY 14.89 per share.

The program will be funded using the company's own funds. The repurchased shares will be used as treasury stock for future employee equity incentives. The program will be valid for a period of 6 months.