BOE announces share repurchase and cancellation plan

BOE Technology Group (SZSE:000725) announced its plan to repurchase and cancel a portion of its public shares. The decision, approved at the company's board meetings in April and May 2025 and ratified at the 2024 annual shareholders' meeting, intends to reduce registered capital and boost earnings per share. The company intends to spend up to CNY 2 billion, but no less than CNY 1.5 billion, to purchase the A shares in the company. The total number of shares that are purchased will depend on market conditions at the end of the buyback period.