Giant Network Group Co., Ltd. (SZSE:002558) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 600 million worth of its A shares. The shares will be repurchased at a price not more than CNY 15 per share.

The repurchased shares will be used for ESOP or equity incentives. The program will be funded from company's own funds. The program will be not more than 12 months.