Shang Gong Group Co., Ltd. (SHSE:900924) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 80 million worth of its shares. The shares will be repurchased at a price of not more than CNY 25 per share. The repurchased shares will be used to implement the equity incentive plan. The shares will be repurchased out of own funds. The plan will be valid for 3 months.