Changzhou Fusion New Material Co., Ltd. (SHSE:688503) announces a share repurchase program. Under the program, the company will repurchase its shares for a total of CNY 300 million. The shares will be repurchased at a price of not more than CNY 47.99 per share.

The purpose of the program is to Maintain company value and shareholder rights. The program will excess funds from IPO and own funds. be funded from The program will be valid for 3 months.