Guangdong Fangyuan New Materials Group Co., Ltd. (SHSE:688148) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 100 million worth of its A shares. The shares will be repurchased at a price of not more than CNY 8.26 per share.

The repurchased shares will be used for maintaining company value and shareholders? equity and ESOP or equity incentives. The plan will be valid for 12 months.