Share repurchase is a new thing in our security market and it will bring the listed company a far-reaching influence.

股份回购是我国证券市场的一个新生事物，实施股份回购会对上市公司产生深远影响。

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When the stock repurchase price in the listed company's share repurchase contracts is higher than current average market price of ordinary shares, and diluted earnings per share should be calculated.

当上市公司签订的股份回购合同中所规定的股票回购价格高于当期普通股平均市场价格时，应当计算稀释每股收益。

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There are primarily three common forms of share repurchase: Dutch auctions, Fixed-price tender offers and Open-market repurchase.

股票回购方式主要有三种：固定价格要约回购，荷兰式拍卖回购以及公开市场回购。

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Any future repurchases would be made in the open market, in privately negotiated transactions or in structured share-repurchase programs, and may be made from time to time or in one or more larger repurchases.

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