Anhui Estone Materials Technology Co.,Ltd (SHSE:688733) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The company will repurchase its shares at a price of not more than CNY 55 per share.

The repurchased shares will be used for employee stock ownership plan or equity incentives. The authorization will be valid for a period of 12 months.