Xingyu automotive lighting announces up to 300m yuan share buyback

Changzhou Xingyu Automotive Lighting Systems Co., Ltd. announced a plan to repurchase shares through centralized bidding transactions, with a proposed buyback amount ranging from 200m yuan to 300m yuan. The repurchase price is capped at 180 yuan per share, using the company's own funds. The primary purpose of this initiative is to implement an employee stock ownership plan, demonstrating the company's commitment to long-term incentive mechanisms and sustained growth.

The buyback period will span 12 months from the board of directors’ resolution approval date of December 10, 2025. Based on the maximum repurchase price, the company expects to buy back between 1,111,100 and 1,666,700 shares, representing 0.3889% to 0.5834% of its total share capital. The board of directors' resolution for this buyback became effective immediately and does not require shareholder approval.

Key shareholders, including the top ten and those holding over 5% of the company's shares, have confirmed no plans for share reduction within the next three to six months. The company has established a dedicated securities account for the share repurchase, ensuring transparency and compliance with regulatory requirements.