Crown Advanced Material Co.,Ltd. (SHSE:688560) announces a share repurchase program. Under the program, the company will repurchase CNY 214 million of shares. The repurchase price of RMB 56.00 per share.

The repurchased shares will be fully used in the employee stock ownership plan or equity incentive plan at an appropriate time in the future. The repurchase period shall not exceed 12 months from the day when the board of directors deliberates and approves the final share repurchase plan.