Sanan Optoelectronics initiates share repurchase program
Sanan Optoelectronics Co., Ltd. (SSE:600703) announced that it has initiated its share repurchase program through centralized bidding transactions. This action follows the approval of the repurchase plan at the company's eleventh session of the eighteenth board meeting on April 9, 2025. Between April 10 and April 14, 2025, the company repurchased 9,382,200 shares, representing approximately 0.1881% of the total share capital. The highest transaction price was CNY 11.87 per share, and the lowest was CNY 11.63 per share. The total expenditure for the repurchase amounted to CNY 110,541,830.00 (excluding transaction costs). The company intends to use its own and self-raised funds for the repurchase, with a total budget ranging from CNY 1 billion to CNY 1.5 billion. The repurchased shares will be used for employee stock ownership plans or equity incentives, or to maintain the company’s value and protect shareholders' interests. The repurchase price will not exceed CNY 16.00 per share. The company will continue to disclose information regarding the repurchase progress in a timely manner.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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