Tong Petrotech Corp. (SZSE:300164) announces a share repurchase program. Under the program, the company will repurchase up to CNY 35 million.

The shares will be repurchased at a price not exceeding CNY 6.80 per share. The repurchased shares will be used for employee stock ownership plans or equity incentives. The program will be valid for a period of 6 months.