Top Resource Energy Co., Ltd. (SZSE:300332) commences share repurchases on January 5, 2024, under the program mandated by the shareholders in the Extraordinary General Meeting held on January 4, 2024. As per the mandate, the company is authorized to repurchase up to CNY 50 million worth of its shares. The shares will be repurchased at a price not more than CNY 8.10 per share.

The shares repurchased will be used to cancel and reduce registered capital. The source of funds for repurchases will be company's own funds. The program will be valid for 12 months from the date of approval.

As of December 18, 2023, the company had 884,765,568 shares outstanding.