Ganzhou Tengyuan Cobalt New Material Co., Ltd. (SZSE:301219) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 200 million worth of its shares. The shares will be repurchased at a price of not more than CNY 95 per share. The repurchased shares will be used for employee stock ownership plans or or equity incentives. The plan will be valid for 12 months.

On June 7, 2023, the company announced that it has adjusted its repurchase price from CNY 95 per share to CNY 72.15 per share.