Guanghui Energy Co., Ltd. (SHSE:600256) announces a share repurchase program. Under the program, the company will repurchase up to CNY 1,000 million worth of shares. The shares will be purchased at a price not exceeding 150% of the average stock trading price in the 30 trading days prior to the Directorate's Approval Date.

The repurchased shares will be used for ESOP or equity incentives. The repurchase program is valid until December 31, 2022.