Halo Microelectronics Co., Ltd. (SHSE:688173) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its shares. The shares will be repurchased at a price not more than CNY 18.53 per share.

The purpose of program is safeguard the company's value and shareholders' rights. The repurchased shares will be sold. The repurchases will be made from company's super-raised funds.

The authorization will be valid for a period of 3 months.