Shanxi Yongdong Chemistry Industry Co., Ltd. (SZSE:002753) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The shares will be repurchased at a price not more than CNY 9.90 per share.

The shares repurchased will be used for employee stock ownership plans or equity incentives. The funds for the repurchases are the company's own funds. The program will be valid for a period of 6 months.