Jiangxi Jovo Energy Co., Ltd (SHSE:605090) announces a share repurchase program. Under the program, the company will repurchase up to CNY 300 million worth of shares. The shares will be repurchased at a price of CNY 34.80 per share.

The purpose of repurchase program is to enhances the overall value of the enterprise. The source of funds for the share repurchase is the company's own funds or self-raised funds. The repurchased shares will be used to convert the convertible corporate bonds issued by the company.

The program is valid until 12 months from the day when the board of directors considers and approves the share repurchase plan.