Southchip Semiconductor Technology(Shanghai) Co., Ltd. (SHSE:688484) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its A shares. The repurchase price will not more than CNY 44 per share.

The repurchased shares will be used for employee stock ownership plan or equity incentives. The repurchase period will be not more than 12 months.