Stars Microelectronics (Thailand) Public Company Limited (SET:SMT) announces a share repurchase program. Under the program, the company will repurchase up to 55,000,000 shares, representing 6.5% of its issued share capital, for THB 250 million. The repurchase price must not exceed 115% of the average closing share price of five business days prior to each repurchase date.

The purpose of the program is to manage the efficiency of the company's liquidity and enhance the return on equity (ROE) and earning per share and company's prosperous financial and future prospective confidence. The program will run through May 3, 2024. As of March 30, 2023, the company had 845,552,221 shares in outstanding.