Muyuan Foods (HKG:2714, SHE:002714) plans to repurchase between HK$300 million and HK$500 million of its H-shares under a board-approved buyback plan, according to a Thursday Hong Kong bourse filing.

The company said the repurchased shares will be held as treasury shares.

The buyback will be funded through internal resources and self-raised funds, and will be carried out over the next 12 months under a general mandate approved by shareholders in May.

Separately, Muyuan Foods said a group of directors and senior executives plan to purchase between 400 million yuan and 500 million yuan of the company's A shares within six months.

The planned purchases will be funded through their own self-raised funds and executed on the Shenzhen Stock Exchange via centralized bidding, block trades, or other permitted methods.