Polaris Bay Group Co.,Ltd. (SHSE:600155) 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 repurchased at a price not more than CNY 15.26 per share.

The shares repurchased will be used to implement ESOP plans. The program will be valid for 12 months from the date of approval.