XTC New Energy Materials(Xiamen) Co.,Ltd. (SHSE:688778) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its shares. The repurchase price will not more than CNY 51 per Share.

The repurchased shares will be used for employee stock ownership plan or equity incentives. The repurchase period will be not more than 12 months.