Cypress Technology Co.,Ltd. (TPEX:3541) announces a share repurchase program. Under the program, the company will repurchase up to 800,000 shares, representing 1.41% of its share capital for TWD 502.54 million. The shares will be purchased at a price ranging from TWD 45 to TWD 80 per share.

The purpose of the program is to transfer shares to employees. The program will expire on May 23, 2022. As of March 23, 2022, the company has 438,000 shares in treasury.