Changzhou Fusion New Material Co., Ltd. (SHSE:688503) announces a share repurchase program. Under the program, the company will repurchase its shares for a total of CNY 600 million. The shares will be repurchased at a price of not more than CNY 79.17 per share.

All the shares repurchased will be used to implement employee stock ownership plans and equity incentive plans. The program will be valid for 12 months.