Zhejiang Rongsheng Environmental Protection Paper Joint Stock Co., Ltd. (SHSE:603165) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The shares will be repurchased at a price not more than CNY 23 per share. The shares will be used to implement employee stock ownership plans or equity incentive plans, or to convert corporate bonds issued by listed companies that can be converted into shares. The company will use its own funds to repurchase its shares. The program will be valid for a period of 12 months.

On September 2, 2022, the company announced that it has adjusted its repurchase price from CNY 23 per share to CNY 22.65 per share.