Shanghai DOBE Cultural & Creative Industry Development (Group)Co. LTD. (SZSE:300947) announces a share repurchase program. Under the program, the company will repurchase up to CNY 38 million worth of its A shares.

The shares will be purchased at a price not exceeding CNY 22.78 per share. The repurchased shares will be used for the implementation of ESOP or equity incentive plan. The program will be valid for 12 months.