Changzhou Galaxy Century Microelectronics Co.,Ltd. (SHSE:688689) announces a share repurchase program. Under the program, the company will repurchase its own shares for a total of CNY 50 million. The shares will be purchased at a price not exceeding CNY 20 per share.

The purpose of the program is to enhance investor confidence; fully mobilize the enthusiasm of the company's employees; improve the company's long-term incentive mechanism, and effectively integrate the interests of shareholders and the company's interests, promote for the company's long-term, stable, and sustainable development. The repurchased shares will be used for the implementation of ESOP or equity incentive plan and will be transferred within three years after the implementation results of the share repurchase and the announcement of share changes. If the company fails to transfer the repurchased shares within three years after the announcement of the results of the share repurchase and share changes, the repurchased shares that have not yet been transferred will be cancelled.

The program will be funded from company's own funds. The program will be valid for 3 months.