Zibo Qixiang Tengda Chemical Co., Ltd (SZSE:002408) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The shares will be repurchased at a price not more than CNY 6.16 per share. The repurchased share will be used for employee stock ownership plan and equity incentives. The funds for the repurchases are the company's own funds. The program will be valid for a period of 12 months.

On May 30, 2024, the company announced that it has adjusted its repurchase price from CNY 6.16 per share to CNY 6.09 per share. The adjustment will be effective from June 6, 2024.