Rac Electric Vehicles Inc. (GTSM:2237) announces a share repurchase program. Under the program, the company will repurchase up to 800,000 shares, representing 2.11% of its issued share capital for a total of TWD 784.32 million. The shares will be repurchased within the price range of TWD 50 per share and TWD 65 per share. The purpose of the program is to transfer shares to employees. The repurchase program will expire on October 17, 2017. As of August 17, 2017, the company has no shares held with it.