Suzhou Shihua New Material Technology Co., Ltd. (SHSE:688093) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of its shares. The shares will be repurchased at a price not more than CNY 26 per share. The repurchased shares will be used for ESOP or equity incentives. The authorization will be valid for a period of 12 months.

On May 24, 2024, the company announced that it adjusted the upper limit of the repurchase price of shares from CNY 26 per share to CNY 25.64 per share. The effective date for adjustment of the upper limit of the share repurchase price is May 30, 2024.