Ruby Tech Corporation (GTSM:8048) announces a share repurchase program. Under the program, the company will repurchase up to 800,000 shares, representing 1.5% of its issued share capital for TWD 344.34 million. The shares will be repurchased at a price falling in the price range from TWD 32 per share to TWD 25 per share. The purpose of the share repurchases is to transfer to its employees. The program is valid till May 22, 2020. As of March 23, 2020, the company has 378,000 shares in treasury.