H&R Century Union Corporation (SZSE:000892) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its common stock. The shares will be repurchased at a price of CNY 4.2 per share. The shares repurchased will be used for implementation of equity incentive plans or employee stock ownership plans. The program will be valid for 12 months.