Wankai New Materials Co., Ltd. (SZSE:301216) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 100 million worth of its shares. The repurchase price will not be more than CNY 21.61 per share.

The repurchased shares will be used for ESOP or equity incentives. The program will be valid for not more than 12 months.