Xinjiang Tianfu Energy Co., Ltd. (SHSE:600509) commences a share repurchases on January 31, 2024, under the program mandated by the shareholders in the Extraordinary General Meeting held on January 24, 2024. As per the mandate, the company is authorized to repurchase up to CNY 30 million worth of its shares. The shares will be repurchased at a price not more than CNY 9 per share.

The shares will be repurchased for cancellation and decrease of registered capital. The program will be valid for a period of 12 months.