Hiyes International Co., Ltd. (TWSE:2348) announces a share repurchase program. Under the program, the company will repurchase up to 3,000,000 shares, representing 2.56% of its issued share capital for the total worth of TWD 117.11 million. The shares will be repurchased within the price range of TWD 45 to TWD 70 per share.

The repurchased shares will be transferred to employees. The program will continue through December 26, 2022. As of October 24, 2022, the company has no shares in treasury.