Poly Developments and Holdings Group Co., Ltd. (SHSE:600048) announces a share repurchase program. Under the program, the company will repurchase up to CNY 2,000 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 15.19 per share.

The purpose of the program is to maintain the Company?s value and shareholders rights. The program will be valid till 3 months.