Semitronix Corporation (SZSE:301095) announces a share repurchase program. Under the program, the company will repurchase up to CNY 160 million worth of its shares. The repurchase price will not more than CNY 80 per Share.

The repurchased shares will be used for employee stock ownership plan or equity incentives. The repurchases will be funded using funds raised from the company?s initial public offering of shares. The repurchase period will be not more than 12 months.