Shenzhen WOTE Advanced Materials Co.,Ltd (SZSE:002886) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of its common stock. The shares will be repurchased at a price not more than CNY 30.40 per share.

The repurchased shares will be used for ESOP or equity incentive. The program will be valid for 12 months.