Ming Yang Smart Energy Group Limited (SHSE:601615) announces a share repurchase program. Under the program, the company will repurchase up to CNY 600 million worth of its shares. The shares will be repurchased at a price of not more than CNY 15 per share.

The purpose of the program is to maintain the company's value and interest of the shareholders. The program will be funded out of the company's self-owned funds. The program will be valid till 3 months.