Hubei Three Gorges Tourism Group Co., Ltd. (SZSE:002627) commences share repurchases on November 18, 2022, under the program mandated by the shareholders in the Extraordinary General Meeting held on November 14, 2022. As per the mandate, the company is authorized to repurchase up to CNY 200 million worth of its A share. The company will purchase shares for CNY 7 per share.

Purpose of the repurchase is for equity incentive plans, employee stock ownership plans or to reduce registered capital. The program will be funded from company's own funds. The program will be valid till 12 months from shareholders' approval.