Guangdong Hongxing Industrial Co., Ltd. (SZSE:001209) announces a share repurchase program. Under the program, the company will repurchase up to CNY 70 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 27 per share.

The shares purchased will be used for equity incentives plan or ESOP. The program will be valid till 12 months.