Leadshine Technology boosts share repurchase price ceiling

China Leadshine Technology (SZSE:002979) announced an adjustment to the upper limit of its share repurchase price, raising it from CNY 25.00 to CNY 52.00 per share. This decision, approved at the Eighteenth Meeting of the Fifth Board of Directors on June 5, 2025, aims to ensure the successful implementation of the company's repurchase plan, which was initially approved on February 2, 2024. The company plans to use funds ranging from CNY 6,000 to CNY 12,000 to repurchase shares for employee stock ownership or equity incentives. As of the announcement date, Leadshine had repurchased 1,696,800 shares at prices between CNY 16.82 and CNY 17.14, totaling CNY 28,799,972.65. The increased repurchase price cap reflects recent capital market dynamics and the company's commitment to enhancing investor confidence.