Xinxing Ductile Iron Pipes Co., Ltd. commences an Equity Buyback Plan to repurchase its own shares, under the authorization approved on December 20, 2019.

Xinxing Ductile Iron Pipes Co., Ltd. (SZSE:000778) commences share repurchases on December 30, 2019, under the program mandated by the shareholders in the Extraordinary General Meeting held on December 30, 2019. As per the mandate, the company is authorized to repurchase its own shares.