Jiangsu Pacific Quartz Co., Ltd (SHSE:603688) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The share will be repurchased at no more than CNY 130 per share.

The purpose of the repurchase program is to utilize shares for ESOP or equity incentives. The plan will be valid for 12 months.