Polaris Bay Group Co.,Ltd. (SHSE:600155) announces a share repurchase program. Under the program, the company will repurchase up to CNY 400 million worth of its class A shares. The shares will be repurchased at a price of not more than CNY 14.21 per share.

The repurchased shares will be used for ESOP or equity incentives. The plan will be valid for 12 months.