Hunan Heshun Petroleum Co.,Ltd. (SHSE:603353) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at a price not more than CNY 29.22 per share.
The repurchased shares will be used for ESOP or equity incentives. The program will run for 12 months.