The Board of Directors of Hypower Fuel, Inc. (OTCPK:HYPF) authorized a share repurchase program on February 22, 2011. Under the program, Hypower Fuel will repurchase up to $0.5 million worth of its shares, in the open market or in privately negotiated transactions as permitted by securities and business laws. The repurchases will be made at times and at prices prevailing at the time of repurchase. The repurchases will be funded from available cash and may continue as long as management determines it to be fiscally feasible and may be discontinued at any time. The repurchased shares will be cancelled and removed from the outstanding share count. The share repurchase program will expire after 1 year. Till March 31, 2011, Hypower Fuel repurchased 3,000,000 shares for $0.08 million. On March 17, 2011, the company entered into preliminary agreements with a number of its shareholders to repurchase approximately 1,500,000 outstanding shares. The shares will be repurchased at prevailing market prices. As of March 31, 2011, the company has made repurchased 3,000,000 shares, for a total cost of $0.08 million. Hypower Fuel, Inc.'s share repurchase program expired on February 21, 2012.