CECEP Wind-Power to repurchase shares, reduce capital

CECEP Wind-Power Corp. (SSE:601016) has announced plans to repurchase company shares for cancellation and subsequently reduce its registered capital. The decision, approved at both the fifth session of the board's thirty-fourth meeting on April 28, 2025, and the 2025 first extraordinary general meeting, authorizes the company to repurchase shares using its own funds and a special loan for stock repurchase. The repurchase will be conducted via centralized competitive trading at a price not exceeding CNY 4.44 per share, with a total investment ranging from CNY 100 million to CNY 200 million.