Pingdingshan Tianan Coal. Mining Co., Ltd. (SHSE:601666) announces a share repurchase program. Under the program, the company will repurchase up to CNY 300 million worth of its shares.

The shares will be repurchased at a price not more than CNY 12.78 per share. The repurchased shares will be used for equity incentives. The program will be valid for a period of 12 months.