Ningbo Peacebird Fashion Co.,Ltd. (SHSE:603877) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of shares. The shares will be repurchased at a price of not more than CNY 30 per share.

The repurchased shares will be used in the employee stock ownership plan or equity incentive plan. The source of funds for this share repurchase is the company's own funds. The repurchase period is within 6 months from the date when the board of directors approves the share repurchase plan.