Guangdong Mingzhu Group Co.,Ltd (SHSE:600382) announces a share repurchase program. Under the program, the company will repurchase up to CNY 376 million worth of shares. Shares will be repurchased at a price not more than CNY 6.38 per Share.

Repurchased shares will be used for ESOP or equity incentives. The program is valid till 12 months.