CGN NEW ENERGY (01811) plans to repurchase company shares.

China General Nuclear Power Corporation New Energy (01811) announced that it intends to exercise the authority under the buyback mandate, and the company will periodically repurchase shares in the open market within 12 months from the date of this announcement, depending on market conditions and the terms of the buyback mandate. According to the share buyback plan, the board plans to utilize up to approximately HKD 121 million (including transaction taxes and fees) to repurchase no more than approximately 42,899,000 shares (equivalent to 1% of the total issued shares of the company). In accordance with the Securities Listing Rules of The Stock Exchange of Hong Kong Limited, the actual purchase price of each buyback cannot exceed 5% or more of the average closing price of the five trading days immediately preceding each buyback. The company will fund the share buyback plan with its existing available cash.