Hubei Jianghan New Materials Co., Ltd. (SHSE:603281) announces a share repurchase program. Under the program, the company will repurchase its own A shares for a total of CNY 100 million. The shares will be purchased at a price not exceeding CNY 23.5 per share. The purpose of the program is to improve quality, increase efficiency and focus on returns in order to safeguard the company?s value and shareholders? rights and interests. The repurchased shares will be cancelled. The program will be funded from company's own funds. The program will be valid for 3 months i.e., till May 1, 2024.

On April 17, 2024, the company announced that it adjusted the repurchase price from no more than CNY 23.50 per share to no more than CNY 25 per share.