Lens Technology plans CNY 1bn share repurchase

Lens Technology Co., Ltd. (SZSE:300433) announced its plan to repurchase company shares via centralized bidding, earmarking the stock for an employee stock ownership or equity incentive plan. Approved on April 7, 2025, by the Fifth Board of Directors Fourth Meeting, the buyback will range from a minimum of CNY 500 million to a maximum of CNY 1 billion, using the company's own or self-raised funds. If the repurchase price is capped at CNY 35 per share, the buyback could cover an estimated 14,285,714 to 28,571,429 shares, representing roughly 0.29% to 0.57% of the total share capital. The repurchase will extend for 12 months following board approval. China Securities Depository and Clearing Corporation Limited Shenzhen Branch has opened a special securities account for the repurchase.