Shanghai Orient-Chip Technology Co.,LTD. (SHSE:688061) announces a share repurchase program. Under the program, the company will repurchase up to CNY 40 million worth of its shares. The shares will be purchased at a price not exceeding CNY 50 per share.

The repurchased shares will be used for ESOP or equity incentive plans. The program will be valid for 12 months.