Xinjiang Haoyuan Natural Gas Co. ,Ltd. (SZSE:002700) commences share repurchases on December 1, 2020, under the program mandated by the shareholders in the Extraordinary General Meeting held on November 27, 2020. As per the mandate, the company is authorized to repurchase not more than CNY 50 million worth of its shares. The shares will be purchased at a price not exceeding CNY 5 per share. The purpose of share repurchase plan is implementation of equity incentives or employee stock ownership plans. The repurchase will be funded from company's own funds. The repurchase program is valid for a period of 6 months from shareholders' approval.