Jiangxi Lianchuang Optoelectronic share buyback boosts controlling shareholder's stake

Jiangxi Lianchuang Optoelectronic Science & Technology Co., Ltd. has successfully completed its share repurchase program, buying back a total of 2,626,000 shares, representing 0.5790% of its current total share capital. The company spent CNY 149,421,943.42 on the repurchase, with prices ranging from CNY 53.44 to CNY 62.00 per share. The repurchased shares will be fully cancelled to reduce the company's registered capital.

The cancellation of shares will decrease the company's total share capital from 453,514,450 shares to 450,888,450 shares. This action has passively increased the equity held by the controlling shareholder, Jiangxi Provincial Electronic Group Co., Ltd., from 20.89% to 21.01%, crossing the 1% threshold for disclosure.

The company's board secretary, Deng Huixia, and another executive also increased their holdings during the repurchase period, demonstrating confidence in the company's value. The company confirms that the repurchase used its own funds or self-raised capital and will not materially impact its operations or financial condition, nor will it alter the company's control structure.