Jiangsu Zhengdan Chemical Industry Co., Ltd. (SZSE:300641) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its shares. The shares will be repurchased at a price not more than CNY 5 per share.

The purpose of program is to maintain company value and shareholder rights. The authorization will be valid for a period of 3 months.