Shang Gong Group Co., Ltd. (SHSE:900924) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 100 million worth of its A shares. The shares will be repurchased at a price of not more than CNY 7 per share.

The repurchased shares will be used to maintain the company?s value and safeguard the rights and interests of shareholders. The plan will be valid for 3 months.