CECEP Wind-Power announces share repurchase plan

CECEP Wind-Power Corp (SSE:601016) announced a share repurchase program, planning to spend between CNY 100 million and CNY 200 million. The repurchased shares will be used to reduce registered capital. The repurchase price will not exceed CNY 4.44 per share. The company intends to use its own funds and dedicated repurchase loans to finance the buyback. The repurchase plan is valid for 12 months from the date of shareholder approval. The buyback will be executed through centralized bidding. The company has opened a dedicated securities account for the repurchase. The move aims to protect shareholders' interests and stabilize the company's stock price.