Sanan Optoelectronics share repurchase reaches 4% milestone

Sanan Optoelectronics (SSE:600703) announced that it has cumulatively repurchased 201,031,504 shares, representing approximately 4.0295% of the company's total share capital, through centralized bidding transactions from December 14, 2023, to April 25, 2025. The total expenditure for the repurchase amounted to CNY 2,470,380,596.62 (excluding transaction costs). The repurchase aligns with the company's previously announced repurchase plan, with the shares intended for employee stock ownership plans, equity incentives, or conversion into corporate bonds. The company's board of directors approved an updated repurchase plan on April 9, 2025, with a repurchase price not to exceed CNY 16.00 per share. Sanan Optoelectronics has also established a dedicated securities account for the share repurchase.