Henan Shenhuo announces share repurchase plan for equity incentive

Henan Shenhuo Coal & Power (SZSE:000933) announced plans to repurchase company shares using its own funds, with the goal of implementing an equity incentive program. The total repurchase amount will range between CNY250 million and CNY450 million. The repurchase price will not exceed CNY20 per share. The company intends to execute the repurchase through centralized bidding via the Shenzhen Stock Exchange trading system, with the program lasting up to 12 months from the date of board approval.