Anhui Anli Material Technology Co., Ltd. (SZSE:300218) announces a share repurchase program. Under the program, the company will repurchase up to CNY 20 million worth of its shares. The shares will be repurchased at a price of not more than CNY 22 per share.

The shares purchased will be used for the company's equity incentives or employee stock ownership plans. The program will be funded using use its own funds or self-raised funds. The program will be valid for 12 months from date of approval by the board.