Shanghai Metersbonwe Fashion & Accessories announced that the actual controller and chairman, Zhou Chengjian, proposed to repurchase shares with an amount no less than CNY 30 million and no more than CNY 50 million. The repurchased shares will be used for employee shareholding plan or stock-based incentives, and the repurchase period is within 6 months from the date of approval of the scheme at the company's general meeting of shareholders. Zhou Chengjian promised to promote the company to convene a board of directors as soon as possible to consider the repurchase proposal and vote in favor of the proposal.