XinJiang Beiken Energy Engineering Co.,Ltd. (SZSE:002828) commences share repurchases on May 24, 2023, under the program mandated by the shareholders in the Annual General Meeting held on May 19, 2023. As per the mandate, the company is authorized to repurchase up to CNY 35 million worth of shares. The share repurchase price will not be more than CNY 9.35 per share. The repurchased shares will be used for the company's future implementation of equity incentives or employee stock ownership plan. The source of funds for this repurchase is the company's own funds. The program will be valid for 12 months from the date when the general meeting of shareholders considers and approves this repurchase plan.

On December 5, 2023, the company amended its share repurchase program. The shares will be repurchased at a price not exceeding CNY 17.02 per share.