Delong Composite Energy Group Co., Ltd. (SZSE:000593) announces a share repurchase program. Under the program, the company will repurchase up to CNY 25 million worth of its common A stock. The shares will be repurchased at a price of CNY 7.90 per share.

The program will be funded from company's own funds. The purpose of the program is ESOP and equity incentives. The program will be valid for 12 months.