Shang Gong Group Co., Ltd. (SHSE:900924) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 40 million worth of its A shares. The shares will be repurchased at a price of not more than CNY 35 per share. The repurchased shares will be used for implementation of the equity incentive plan or employee stock ownership plan. The shares will be repurchased out of own funds of the company. The plan will be valid for 12 months.

On June 21, 2022, the company adjusted the upper limit of the repurchase price of 20.58 yuan per share.