Wuxi Chipown Micro-electronics limited (SHSE:688508) announces a share repurchase program. Under the program, the company will repurchase up to CNY 80 million worth of its A shares. The shares will be repurchased at a price not more than CNY 53.24 per share.

The purpose of the program is to maintain company value and shareholders? equity. The funds for the repurchases are the company's own funds or loans from financial institutions.

The program will be valid for a period of 3 months.