Tianjin Zhonghuan Semiconductor Co., Ltd. (SZSE:002129) announces a share repurchase program. Under the program, the company will repurchase up to CNY 330 million. The shares will be repurchased at a price not more than CNY 42 per share. The repurchased shares will be used for ESOP or equity incentive plans. The program is valid for a period of 12 months.