Yuanjie Semiconductor Technology Co., Ltd. (SHSE:688498) announces a share repurchase program. Under the program, the company will repurchase its own shares for a total of CNY 100 million. The shares will be purchased at a price not exceeding CNY 180 per share.

The repurchased shares will be used for the implementation of ESOP or equity incentive plan. The program will be funded from company's own funds and over-raised funds. The program will be valid for 12 months.