Peony Super Real Gold Credit Card is a credit card launched by Industrial and Commercial Bank of China. It's a platinum card, and the annual fee is 100 yuan/card/year. The annual fee of the current year can be reduced or exempted if you spend 5 or a total of 5,000 yuan "or equivalent foreign currency".
The annual fee waiver policy may vary according to time, region and card type. You can go to ICBC official website or consult the local branches of ICBC for the latest information.