Zhejiang Hengda New Material Co.,Ltd. (SZSE:301469) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its shares. The shares will be repurchased at no more than CNY 39.37 per share. The purpose of the program is to use the repurchased shares for employee stock ownership plans or equity incentives at an appropriate time in the future. If the company fails to use the repurchased shares for the said purpose within 3 years of the completion of the program, the unused shares will be cancelled. The program will be funded from company's own funds. The plan will be valid for 12 months.

On June 18, 2024, the company adjusted its upper limit on shares repurchase price after the implementation of equity distribution. The company has adjusted repurchase price to CNY 38.81 per share.