Jiangsu Linyang Energy Co., Ltd. (SHSE:601222) announces a share repurchase program. Under the program, the company will repurchase up to CNY 300 million worth of its A shares. The shares will be repurchased at a purchase price of CNY 14.46 per share.

The repurchases will be funded from company's own funds. The shares repurchased will be used for the employee stock ownership plan. The program will be valid for 12 months.