GOME Electrical Appliances Holding (HKG:0493) announced that its board of directors has approved the plan of the company to repurchase the RMB-denominated US dollars settled 3% coupon convertible bonds of the company due 2014 (the New 2014 Convertible Bonds) by way of over-the-counter purchase or on-market purchase at price and quantity to be determined by the company at its sole discretion.