Sunstone Development Co., Ltd. (SHSE:603612) announces a share repurchase program. Under the program, the company will repurchase CNY 50 million worth of its class A shares. The shares will be repurchased at a price of not more than CNY 22.38 per share.

The repurchased shares will be used for ESOP or equity incentives. The program is valid for 12 months.