CGN Power announces share repurchase, notifies creditors

CGN Power (SZSE:003816) announced that its board of directors has obtained general authorization to repurchase up to 10% of its issued A shares and/or H shares following shareholder meetings on May 21, 2025. This authorization allows the board to decide on the terms and conditions of the repurchase within a specified timeframe. The company will cancel any repurchased H shares, which will reduce registered capital. CGN Power is notifying its creditors, as required by PRC law, to allow them to declare their claims. Creditors have either 30 days from receipt of written notice or 45 days from the announcement date (May 21, 2025) to claim debt repayments.