Zhejiang Huayou Cobalt Co.,Ltd (SHSE:603799) announces a share repurchase program. Under the program, the company will repurchase up to CNY 1,000 million worth of its ordinary shares (A shares). The shares will be repurchased at a price not more than CNY 60 per share.

Shares repurchased will be used for company?s convertible bonds. The program will be valid till 12 months.