Acorn International, Inc. (NYSE:ATV) announces a share repurchase program. Under the program, the company will repurchase up to $2 million worth of its American depositary shares (ADSs). The repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations.

The company plans to fund repurchases from its existing cash balance. The timing and extent of any purchases will depend upon market conditions, the trading price of its ADSs and other factors, and are subject to the restrictions relating to volume, price and timing under applicable law. The company's Board of Directors will review the share repurchase program periodically, and may authorize adjustment of its terms and size.

The repurchase program will be valid for 12 months.