Shanghai Yct Electronics Group Co.,Ltd authorizes a Buyback Plan.

Shanghai YCT Electronics Group Co Ltd is a China-based company mainly engaged in the distribution of electronic components. The Company's main business is the authorized distribution of electronic components and independent research, development and design of power integrated circuit products. The Company's products include optoelectronic devices, memory chips, passive components and discrete semiconductors. The Company's products are mainly used in the field of automotive electronics.