Hangzhou Huawang New Material Technology Co.,Ltd. (SHSE:605377) announces a share repurchase program. Under the program, the company will repurchase up to CNY 110 million worth of its shares. The offer price is not more than CNY 23.70 per share.

The repurchases will be funded by company's own funds. The shares repurchased will be used for equity incentives or employee stock ownership plans. The plan will be valid for 6 months.