ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. (SZSE:002130) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 120 million worth of its shares. The shares will be repurchased at a price not more than CNY 10 per share.

The shares repurchased will be used for ESOP or equity incentives. The program will be valid for not more than 12 months.