Guangdong Haomei New Materials Co.,Ltd (SZSE:002988) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 21 per share.

The repurchased shares will be used to maintain the company's value and shareholders' equity. The program will be funded from company's own funds. The program is valid for 3 months.