China Longyuan Power Group Corporation Limited commences an Equity Buyback Plan for 334,002,900 shares, representing 3.98% of its issued share capital, under the authorization approved on September 27, 2023.

China Longyuan Power Group Corporation Limited (SEHK:916) commences share repurchases on November 14, 2023, under the program mandated by the shareholders in the Extraordinary General Meeting held on September 27, 2023. As per the mandate, the company is authorized to repurchase up to 334,002,900 H shares, representing 10% of its issued H share capital, and 3.98% of the total issued share capital. The purpose of repurchase program is to enhance the net assets and/or its earnings per share.

The repurchases will be made out of the funds legally available for such purpose in accordance with its company?s ordinance. The authority shall expire at the earliest of the next Annual General Meeting, the date on which the next Annual General Meeting is required to be held or the date on which the authority is carried out to the full extent, unless varied or revoked in a General Meeting. As of September 27, 2023, the company had 8,381,963,164 shares, comprising 5,041,934,164 A shares and 3,340,029,000 H shares.