Shaanxi Meineng Clean Energy Corp.,Ltd. (SZSE:001299) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its Class A shares. The shares will be repurchased at a price not more than CNY 18.40 per share.

The repurchased shares will be used for ESOP or equity incentives. The program will be valid till 12 months.