Absen completes 2025 employee stock ownership plan purchase

Shenzhen Absen Optoelectronic (SZSE:300389) announced the completion of its 2025 employee stock ownership plan share purchase on February 14, 2025. The plan, approved earlier this year, saw the company acquire 5,076,600 shares, representing 1.38% of the company's total share capital. The total transaction value reached 59,994,599 yuan, with an average price of 11.82 yuan per share, excluding transaction costs. The acquired shares are subject to a 12-month lock-up period, commencing from February 14, 2025, and lasting until February 13, 2026. The company has confirmed that the plan does not involve any related parties or concerted action with major shareholders, directors, or senior management, and that appropriate measures have been taken to ensure compliance and governance.