Suzhou Novosense Microelectronics Co., Ltd. (SHSE:688052) announces a share repurchase program. Under the program, the company will repurchase up to CNY 400 million worth of its shares. The shares will be repurchased at a price of not more than CNY 160 per share.

The repurchased shares will be used for employee stock ownership plans or equity incentives. The repurchase program is valid for 6 months.