Nanya New Material Technology Co.,Ltd (SHSE:688519) announces a share repurchase program. Under the program, the company will repurchase up to CNY 35 million worth of shares. The shares will be repurchased at CNY 35 per share.

The repurchased shares will be used for implementing employee stock ownership plans or equity incentives. The company will fund the repurchases from its own funds. The program will be valid for 12 months.