Fibocom Wireless Inc. (SZSE:300638) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 100 million worth of its shares. The shares will be repurchased at a price not more than CNY 31.89 per share.

The shares repurchased will be used for ESOP, equity incentives, or shares for convertible bonds. The program will be valid for not more than 12 months.