China Design Group Co., Ltd. (SHSE:603018) announces a share repurchase program. Under the program, the company will repurchase up to CNY 80 million worth of shares. The shares will be repurchased at a price of not more than CNY 11 per share.

The shares purchased will be used for equity incentives and conversion of corporate bonds issued by listed companies that can be converted into stocks. The program will be funded out of the company's own and self-raised funds. The program will be valid for 12 months.