TCL Tech chairman proposes share repurchase plan

TCL Technology Group Corp (SZSE:000100) announced that Chairman Li Dongsheng proposed a share repurchase plan on April 8, 2025. The repurchase aims to safeguard shareholder interests, enhance investor confidence, and stabilize the company's value. The company plans to repurchase A-shares through centralized bidding, to be used for employee stock ownership or equity incentives. If shares remain unused after 36 months, they will be cancelled. The repurchase price will not exceed 150% of the average stock price in the 30 trading days prior to the board's resolution, and the total repurchase amount is expected to be between CNY700 million and CNY800 million, subject to board approval. Chairman Li Dongsheng currently has no plans to increase or decrease his holdings during the repurchase period and will support the proposal at the board meeting.