Taiyuan Heavy Industry Co., Ltd. (SHSE:600169) announces a share repurchase program. Under the program, the company will repurchase up to CNY 20 million worth of its A shares. The shares will be repurchased at a price not more than CNY 3.56 per share.

The repurchased shares will be used for Future equity incentives plans. The authorization will be valid for a period of 12 months.