Advanced Micro-Fabrication Equipment Inc. China (SHSE:688012) announces a share repurchase program. Under the program, the company will repurchase up to CNY 500 million worth of its shares. The shares will be repurchased at a price not more than CNY 200 per share.

The purpose of the program is to safeguard the company's value and shareholders' rights. The company will use excess funds obtained from the company?s initial public offering of RMB ordinary shares and the company?s own funds. The program will be valid for a period of 3 months.