Shanxi Meijin Energy Co.,Ltd. (SZSE:000723) announces a share repurchase program. Under the program, the company will repurchse up to CNY 300 million. The shares will be repurchased at a price of CNY 10.56 per share.

The company will use its own funds to Repurchase some public shares. The purpose of the program is conversion of the company's convertible bonds. The program will be valid till 6 months.