Tongkun Group Co., Ltd. (SHSE:601233) announces a share repurchase program. Under the program, the company will repurchase up to CNY 1,000 million worth of its A shares. The shares will be repurchased at a price not more than CNY 25 per share.

The program is intended to be used for the later implementation of employee stock ownership plans or equity incentive plans, or the conversion of corporate bonds issued by listed companies that can be converted into stocks. The company will use its own funds or self-raised funds to repurchase its shares. The program will be valid for a period of 12 months.