China National Nuclear Power plans share buyback

China National Nuclear Power (SSE:601985) announced that its Chairman, Lu Tiezhou, has proposed a share repurchase program. The buyback aims to maintain shareholder interests, boost investor confidence, and stabilize the company's stock value. The company plans to repurchase A shares through centralized bidding via the Shanghai Stock Exchange. The repurchased shares will be used to reduce registered capital or for equity incentives. The proposed buyback price will not exceed 150% of the average share price of the 30 trading days before the board's resolution. The buyback is valued between CNY 300 million and CNY 500 million, sourced from the company's own funds or bank loans, and will be executed within 12 months of shareholder approval. The chairman will vote in favour of the buyback.