M31 Technology Corporation (TPEX:6643) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 0.95% of its issued share capital, for a total purchase price of TWD 1,200.4 million. The shares will be repurchased at a price falling in the price range from TWD 180 per share to TWD 350 per share.

The purpose of share repurchase program is to transfer shares to employees. The program is valid till October 2, 2022. As of August 2, 2022, the company has 211,000 shares in treasury.