Suzhou Nanomicro Technology Co., Ltd. (SHSE:688690) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 35 per share.

The purpose of the program is to improving quality, increasing efficiency and focusing on returns. The repurchased shares will be used for employee stock ownership plans or equity incentive plans, otherwise will be cancelled if the company fails to transfer them within the time limit stipulated by relevant laws and regulations. The program will be valid for 12 months.