Shenzhen Sunmoon Microelectronics Co., Ltd (SHSE:688699) announces a share repurchase program. Under the program, the company will repurchase up to its A shares for a total of CNY 100 million. The shares will be purchased at a price not exceeding CNY 45 per share.

The repurchased shares will be used for the implementation of ESOP or equity incentive plan and maintaining company value and shareholders? equity. The program will be valid for 12 months.