Gemtek Technology Co., Ltd. (TWSE:4906) announces a share repurchase program. Under the program, the company will repurchase up to 20,000,000 shares, representing 4.94% of its issued share capital for the total worth of TWD 5,272.89 million. The shares will be repurchased within the price range of TWD 28 to TWD 38 per share.

The repurchased shares will be transferred to employees. The program will continue through June 20, 2022. As of April 20, 2022, the company has no shares in treasury.