Beijing Tianyishangjia New Material Corp., Ltd. (SHSE:688033) announces a share repurchase program. Under the program, the company will repurchase up to CNY 15 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 26 per share.

The shares will be repurchased from self-owned funds. The repurchased shares will be used for employee stock ownership plans or equity incentive plans, otherwise will be cancelled if the company fails to transfer them within the time limit stipulated by relevant laws and regulations. The repurchase program is valid for 6 months.