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 100 million worth of its shares.

The shares will be repurchased at a price not more than CNY 20.20 per share. The purpose of program is to Maintain company value and shareholder rights. The authorization will be valid for a period of 3 months.