Sichuan Tianwei Electronic Co.,Ltd. (SHSE:688511) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its A shares. The shares will be repurchased at a price not more than CNY 45 per share.

The repurchased shares will be used for employee stock ownership plan or equity incentives. The shares will be repurchased from company's self-raised funds. The program will be valid for 12 months.