Taiwan Cement Corp. (TWSE:1101) announces a share repurchase program. Under the program, the company will repurchase up to 20,000,000 shares, representing 0.27% of its issued share capital for TWD 106,225.89 million.

The shares will be repurchased at a price falling in the price range from TWD 23.45 per share to TWD 50.99 per share. The purpose of the share repurchases is to transfer to its employees. The program is valid till March 3, 2023.

As of January 4, 2023, the company has 4,000,000 shares in treasury.