Ningbo Shanshan Co.,Ltd. (SHSE:600884) announces a share repurchase program. Under the program, the company will repurchase up to CNY 500 million worth of its shares. The shares will be purchased at a price not exceeding CNY 18.60 per share.

The purpose of the program is to maintain the company?s value and safeguard the rights and interests of shareholders. The program will be valid for 3 months.