Union Semiconductor (Hefei) Co., Ltd. (SHSE:688403) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 16.33 per share.

The repurchased shares will be used for employee stock ownership plans, equity incentive plans or to convert corporate bonds issued by listed companies that can be converted into stocks. The program will be funded from company's own funds or self-raised funds. The program will be valid for 12 months.