Xinxiang Tianli Energy Co., Ltd. commences an Equity Buyback Plan for CNY 130 million worth of its shares, under the authorization approved on December 25, 2023.

Xinxiang Tianli Energy Co., Ltd. (SZSE:301152) commences share repurchases on January 29, 2024, under the program mandated by the shareholders in the Temporary Shareholder Meeting held on December 25, 2023. As per the mandate, the company is authorized to repurchase up to CNY 130 million worth of its A shares. The shares will be repurchased at a price of CNY 47 per share.

The company plans to use part of the excess funds obtained from the company's initial public offering of RMB ordinary shares to repurchase part of the company's shares. The shares repurchased will be cancelled. The authorization will be valid for a period of 12 months from the date of approval.