MLOptic Corp. (SHSE:688502) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its shares.

The shares will be repurchased at a price not more than CNY 162 per share. The repurchased shares will be used for employee stock ownership plans or equity incentives. The shares will be repurchased using a part of the over-raised proceeds from the initial public offering of RMB ordinary.

The program will be valid for a period of 12 months.