Suzhou Oriental Semiconductor Company Limited (SHSE:688261) 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 140 per share.

The company's shares repurchased are intended to be used entirely for equity incentives and/or employee stock ownership plans. The program is subject to the company's shareholders' meeting approval. The program will be valid for a period of 12 months from the date the final share repurchase plan is reviewed and approved by the shareholders' meeting.