Weltrend Semiconductor, Inc. (TWSE:2436) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 common shares, representing 0.56% of the issued share capital, for TWD 1,178.99 million. The shares will be purchased at a price falling in the range of TWD 62 per share to TWD 75 per share.

The repurchased shares will be used for employee stock distribution. The repurchase program is valid till June 16, 2024. As of April 16, 2024, the company has 905,000 shares held in treasury.