Zhejiang Three Stars New Materials Co., Ltd. (SHSE:603578) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 24 per share. The shares purchased will be used for the company's equity incentive plan. The program will be funded out of the company's own funds. The program will be valid till December 5, 2022.

On May 12, 2022, the company announced that it has adjusted its share repurchase price from no more than CNY 24 per share to no more than CNY 18.34 per share.