Sundy Land Investment Co., Ltd. (SHSE:600077) announces a share repurchase program. Under the program, the company will repurchase up to CNY 260 million worth of its Class A shares. The shares will be repurchased at a price of CNY 4.61 per share.

The company will fund the repurchases from self raised funds. The company intends to use all of the repurchased shares to implement equity incentives. The program is valid for 12 months.