Jiangsu Linyang Energy Co.Ltd(601222) ( Jiangsu Linyang Energy Co.Ltd(601222) ) announced on the evening of March 23 that it is planned to use its own funds to repurchase the company's shares in the form of centralized bidding transaction, with a total repurchase amount of 150300 million yuan and a repurchase price of no more than 14.46 yuan / share. Based on the calculation of the upper limit of share repurchase price of 14.46 yuan / share, the number of shares repurchased is expected to account for about 0.5% to 1.01% of the total share capital of the company. The shares repurchased this time will be used for the employee stock ownership plan.
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