Shanghai HIUV New Materials Co.,Ltd (SHSE:688680) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its shares. The repurchase price shall not exceed CNY 163 per share.

The company will use its own or self-raised funds to repurchase the program. The shares repurchased will be used for the implementation of the employee stock ownership plan or equity incentive plan. The program will be valid for 12 months.