Vantone Neo Development Group Co.,Ltd. (SHSE:600246) announces a share repurchase program. Under the program, the company will repurchase up to CNY 800 million worth of its shares. The shares will be repurchased at a price of not more than CNY 13.88 per share.

The purpose of the program is to maintain the company's value and shareholders' rights and interests. The source of funds for the repurchase of shares is the company's own funds. The program will be valid for 3 months from date of approval by the board.