Konfoong Materials International Co., Ltd (SZSE:300666) announces a share repurchase program. Under the program, the company will repurchase up to 80 million worth of its shares. The shares will be repurchased at a price not more than CNY 85 per share.

The repurchased shares will be used for used for employees? shareholding plans or as equity incentives. The program will be valid till 12 months.