Opple Lighting announces share repurchase, governance reforms

Opple Lighting Co., Ltd. announced resolutions from its eighth meeting of the fifth board of directors and supervisory committee held on October 27, 2025. The board approved the repurchase and cancellation of 609,684 restricted shares, reducing the company's registered capital by 609,684 yuan. This repurchase stems from 17 incentive recipients under the 2023 and 2024 restricted stock incentive plans leaving their positions. The 2023 plan's repurchased shares were acquired at 9.52 yuan per share, while the 2024 plan's shares were repurchased at 7.76 yuan per share.

Concurrently, the board and supervisory committee approved the cancellation of the supervisory committee, transferring its functions to the board's audit committee. This structural change, compliant with the new Company Law and Shanghai Stock Exchange guidelines, aims to streamline governance. The company will also implement a series of revisions to its Articles of Association and related governance policies, including adjusting the number of directors and establishing an employee representative director.

The board also approved the first restricted period's unlocking conditions for 277 incentive recipients under the 2024 restricted stock incentive plan, releasing 1,369,254 shares. These actions reinforce Opple Lighting's commitment to adapting its corporate structure and managing its equity incentive plans efficiently.