GuangDong SongYang Recycle Resources CO.,LTD (SHSE:603863) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million. The shares will be repurchased at a purchase price of CNY 20 per share.

The program will be sourced from own funds. The purpose of the program is ESOP or equity incentives. The program will be valid for 12 months.