Chieftek Precision Co., Ltd. authorizes a Buyback Plan.

CHIEFTEK PRECISION Co., LTD. is a Taiwan-based company principally engaged in research, development, manufacture and sales of slide rails and motors. The Company's main products include miniature linear slides, standard linear slides, linear motors, micro and standard linear modules and optoelectronic and semiconductor process equipment. The Company's products are mainly used in automation equipment, machine tools, semiconductors, liquid crystal display (LCD) panels and solar cells, electronic products, medical and biotech products, optical instruments, aerospace and national defense, as well as general machinery. The Company distributes its products in domestic market and to overseas markets, such as the rest of Asia, Europe and the Americas.