Exceed Company, the Chinese owner and operator of the Xidelong brand of sportswear from Fujian, has extended the date for the expiration of its existing US$10 million share repurchase program from Feb. 14 to Aug. 14. It has already spent $2.1 million under the scheme and still has $7.9 million to go. The company has also announced the appointment of Yea-Mow Chen as an independent non-executive director, replacing William Sharp. A graduate of Ohio State University and a professor in the department of finance at San Francisco State University since 1984, Chen has served as chief executive of the China Intangible Asset Appraisal Corporation since 2005.

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