Chongqing Three Gorges Water Conservancy and Electric Power Co., Ltd. (SHSE:600116) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The shares will be repurchased at a price not more than CNY 10 per shares.

The repurchased shares will be used for employee stock ownership plan or equity incentives. The program will be valid for a period of 12 months.