Espressif Systems (Shanghai) Co., Ltd. (SHSE:688018) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 120 per share.

The repurchased shares will be used for employee stock ownership plans or equity incentive plans. The program will be valid for 2 months.