SYSWIN (SYSW) CEO Chen Approved for $2M Repurchase

SYSWIN Inc. (NYSE: SYSW) has approved the adoption by Mr. Liangsheng Chen, the Company’s CEO and Director (“Mr. Chen”), of a share repurchase program under which Mr. Chen may repurchase up to US$2 million of the Company’s American Depositary Shares (“ADS”), each representing four SYSWIN ordinary shares, effective from March 19, 2012 and is valid through March 19, 2013.

The repurchases will be made from time to time on the open market at a prevailing market prices pursuant to Rule 10b5-1 and/or Rule 10b-18 under the Exchange Act, which allows Mr. Chen to repurchase SYSWIN’s ADS pursuant to the pre-determined terms under the Rule 10b5-1 plan, in negotiated transactions off the market, in block trades or other legally permissible ways from time to time. The timing and extent of any purchases will depend upon market conditions, the trading price of ADS and other factors, and subject to the restrictions relating to volume, price and timing under applicable law. Mr. Chen will finance the share repurchase program with personal funds.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• PodcastOne acquires rights to Brent Spiner and Jonathan Frakes podcast
• Cerence repurchases $10M of convertible notes at below-par price
• Hanover Bancorp approves repurchase of up to 370,000 shares