Raytron Technology completes CNY 100m share buyback

Raytron Technology (SSE:688002) announced the completion of its share repurchase program, initiated on April 23, 2024. The company repurchased 2,775,700 shares, representing 0.61% of the total share capital. The buyback occurred through centralized bidding, with prices ranging from CNY 23.77 to CNY 62.98 per share, for a total expenditure of CNY 100,269,692.45 (excluding stamp duty and transaction fees). The repurchased shares will be used for employee stock ownership or equity incentive plans, as approved by the board. If shares remain unused after three years, they will be canceled. The announcement confirms the buyback adheres to relevant regulations and the company's previously disclosed repurchase plan.