Sanan Optoelectronics completes share repurchase program

Sanan Optoelectronics (SSE:600703) announced the completion of its share repurchase program, initiated on April 10, 2025, and approved by the board of directors on April 9, 2025. The company repurchased a total of 121,424,405 shares, representing 2.4338% of the total share capital. The repurchase prices ranged from CNY 11.59 to CNY 13.05 per share, with an average price of CNY 12.34 per share. The total funds used for the repurchase amounted to CNY 1,498,799,462.54 (excluding transaction expenses), funded by the company’s own funds and self-raised funds. The repurchased shares are intended for employee stock ownership plans or equity incentives; if this is not achieved within 36 months, the shares will be canceled. The company confirmed that the repurchase activities will not materially affect company’s business or financial position.