Shandong Sinocera Functional Material Co., Ltd. (SZSE:300285) 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 of not more than CNY 25 per share.

The shares purchased will be used for the company's equity incentives or employee stock ownership plans. The program will be funded from the company's own funds. The program will be valid for 12 months.