Risen Energy Co.,Ltd. (SZSE:300118) announces a share repurchase program. Under the program, the company will repurchase up to CNY 300 million worth of its shares. The shares will be repurchased at a price not more than CNY 34.50 per share.

The company will use its own funds or self-raised funds to repurchase its shares. The repurchased shares will be used as employee shareholding plan, employee equity incentive plan, or decrease in registered capital. The program will be valid for a period of 12 months.