Shenkai Petroleum (002278.SZ) plans to repurchase company shares for RMB 18 million to RMB 36 million.

Zhitong Finance APP News, Shenkai Shares (002278.SZ) issued an announcement that the company plans to use its own funds to repurchase shares through the Shenzhen Stock Exchange trading system by way of centralized bidding, for the purpose of safeguarding the company's value and shareholders' rights and interests. The price of the repurchased shares shall not exceed 9 yuan per share. The total amount of repurchase funds shall be no less than 18 million yuan and no more than 36 million yuan.