Chipsea Technologies (shenzhen) Corp. (SHSE:688595) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares.

The shares will be repurchased at a price not more than CNY 50 per share. The repurchased shares will be sold through centralized bidding, if it's not sold within stipulated period it will be canceled according to relevant procedures. The repurchases will be made from company's own funds or self-raised funds.

The authorization will be valid for a period of 3 months.