Wuxi Chipown Micro-electronics limited (SHSE:688508) announces a share repurchase program. Under the program, the company will repurchase up to CNY 110 million worth of its shares. The shares will be repurchased at a price of CNY 151.70 per share.

The repurchased shares will be used for employee stock ownership plan or equity incentives. The program is valid for a period of 6 months.