Guangdong Hongda Holdings Group Co., Ltd. (SZSE:002683) announces a share repurchase program. Under the program, the company will repurchase up to CNY 20 million worth of its shares. The shares will be repurchased at no more than CNY 25.80 per share.

The purpose of the program is to use the repurchased shares for Equity incentives and ESOP. The plan will be valid for 12 months.