The Board of Directors of Song Da 1.01 Joint Stock Company (HASTC:SJC) authorized a share repurchase program on October 3, 2012. Under the program, the company will repurchase up to 224,200 shares of its common stock at prevailing market prices. The shares will be repurchased using acquisition through negotiation or continuous order matching methods.

The repurchased shares will be kept in treasury. The company will fund the repurchases using Investment & Development Fund and other resources. The program will commence on October 5, 2012 and will end on January 4, 2013.

As of October 3, 2012, the company has 220,800 shares in treasury. VPBank Securities Company, Ltd acted as the broker to the company.