Lisheng Sports (Shanghai) Co.,Ltd (SZSE:002858) announces a share repurchase program. Under the program, the company will repurchase up to CNY 40 million. The shares will be repurchase at no more than CNY 15 per share.

The purpose of the program is to maintain the company's value and shareholders' rights. The program will be funded from company's own funds. The program will be valid for 3 months.