Hubei Xingfa Chemicals Group Co., Ltd. (SHSE:600141) announces a share repurchase program. Under the program, the company will repurchase up to CNY 400 million worth of its shares. The shares will be repurchased at a price not more than CNY 40 per share.

Repurchases will be funded using the company's own funds. Shares repurchased will be used for 2023 restricted stock incentive plan. The program will be valid for 12 month.