Stars Microelectronics (Thailand) Public Company Limited (SET:SMT) announces a share repurchase program. Under the program, the company will repurchase up to 60,000,000 shares, representing 7.13% of its issued share capital, for THB 240 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. The program will run through April 25, 2023. As of March 25, 2022, the company had 841,523,581 shares in outstanding.