China Vanke Co., Ltd. (SZSE:000002) announces a share repurchase program. Under the program, the company will repurchase up to CNY 2,500 million worth of its ordinary A shares. The shares will be repurchased at a price not more than CNY 18.27 per share.

The company will repurchase its shares in order to maintain the company's value and shareholders' rights and interests, all the repurchased shares will be used for sale. The shares will be repurchased from self-raised funds. The program will be valid for a period of 3 months.