Innovation New Material announces share repurchase program

Innovation New Material (SSE:600361) announced its share repurchase program approved at the company's first extraordinary general meeting on March 24, 2025. The company intends to use its own or self-raised funds to repurchase shares through the Shanghai Stock Exchange system via centralized bidding, with the repurchased shares to be cancelled to reduce registered capital. The total repurchase amount will range from CNY 100 million to CNY 200 million, with a repurchase price not exceeding CNY 5.71 per share. The repurchase period is set for 12 months from the date of approval by the extraordinary general meeting. As of May 31, 2025, the company had not yet implemented the repurchase program.