Shenzhen HeungKong Holding Co.,Ltd (SHSE:600162) announces a share repurchase program. Under the program, company will repurchase up to 50,936,721 shares, for CNY 145.17 million. The shares will be repurchased at a price not more than CNY 2.85 per share.

The program will be funded from company's own funds. The shares repurchased will be used for equity incentive plan or ESOP or for conversion of corporate bonds issued by the company which are convertible to shares. The program will be valid for 12 months.