Fiberhome proposes share buyback to reduce capital

Fiberhome Telecommunication Technologies Company Limited announced a proposal to repurchase its shares through centralized bidding, with an estimated investment of not less than RMB75 million and not more than RMB150 million. The buyback price will not exceed RMB40.53 per share, representing no more than 150% of the average trading price over the 30 trading days prior to the board resolution. The repurchased shares will be canceled to reduce the company's registered capital.

The buyback period is set for six months from the date the proposal is approved by the company's shareholders at a general meeting. This initiative, funded by the company's own capital or self-raised funds, is intended to safeguard investor interests and enhance confidence in the company's value. Based on the maximum buyback amount and price, the company estimates repurchasing between 1,850,482 and 3,700,962 shares.

The company's board, supervisors, senior management, controlling shareholder, and actual controller have confirmed no plans to reduce their holdings in the next three to six months. The proposal, however, faces risks including potential non-approval by shareholders, sustained high stock prices, or insufficient funds.