Zhitong Finance App News, CGN New Energy (01811) issued an announcement that it intends to exercise its powers under the repurchase authorization, and the company will repurchase shares in the open market from time to time within 12 months from the date of this announcement, depending on market conditions and the terms of the repurchase authorization. According to the share repurchase plan, the board of directors plans to use up to HK$121 million (including transaction taxes and fees) to repurchase no more than 42.89,000 shares (equivalent to 1% of the total number of shares issued by the company). According to the Hong Kong Stock Exchange Limited securities listing rules, the actual purchase price for each repurchase must not be higher than 5% or more of the average closing price of the five trading days immediately preceding each repurchase. The company will fund the share repurchase program with its available cash.

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