Guangdong Modern High-tech Fiber Co., Ltd (SZSE:300876) announces a share repurchase program. Under the program, the company will repurchase up to CNY 24 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 21 per share.

The shares purchased will be used for ESOP or equity incentives. The program will be valid till 12 months.