Shenzhen Zhongzhuang Construction Group Co.,Ltd (SZSE:002822) announces a share repurchase program. Under the program, the company will repurchase up to CNY 80 million worth of its shares. The shares will be repurchased at a price not more than CNY 8 per share.

The shares repurchased will be employee stock ownership plans or equity incentives. The program will be funded from company's own funds. The program will be valid for 6 months.