Chieftek Precision Co., Ltd. (TWSE:1597) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 2.24% of its issued share capital for the total worth of TWD 1,512.81 million. The shares will be repurchased within the price range of TWD 46.20 to TWD 100 per share.

The repurchased shares will be transferred to the employees. The program will continue through November 29, 2022. As of September 29, 2022, the company has no shares in treasury.