HMT (Xiamen) New Technical Materials Co., Ltd (SHSE:603306) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 120 million worth of its A shares. The shares will be repurchased at a price of not more than CNY 29 per share.

The repurchased shares will be used for employee stock ownership plans or equity incentives. The shares will be repurchased out of own funds of the company or self-raised funds. The plan will be valid for 6 months.