Jiahua Energy launches share repurchase program to boost value

Zhejiang Jiahua Energy Chemical Industry (SSE:600273) has announced a share repurchase program, authorized by resolutions passed at the company’s recent board and shareholder meetings, with the goal of enhancing shareholder value and optimizing its capital structure. The company intends to use its own and self-raised funds to repurchase shares for a total amount ranging from CNY 400 million to CNY 600 million. These shares will be allocated for employee stock ownership plans or a reduction of registered capital.