Heilongjiang Transport Development Co., Ltd. (SHSE:601188) announces a share repurchase program. Under the program, the company will repurchase up to 11,000,000 shares, for CNY 49.5 million. The shares will be repurchased at a price not exceeding CNY 4.5 per share.

The repurchases will be funded using the company's own funds. The shares repurchased will be used for the implementation of the company's equity incentive plan. The repurchase program will be valid for 12 months.