BOE to repurchase shares up to CNY 2bn

BOE Technology Group (SZSE:000725) announced plans to repurchase publicly held shares using self-funded capital, intending to reduce the company's registered capital through cancellation of the repurchased shares. The repurchase plan entails a minimum of CNY 1.5 billion and a maximum of CNY 2 billion. The repurchase price is capped at CNY 6.11 per share. The exact number of shares repurchased will depend on market conditions. The repurchase period will not exceed 12 months from the date of shareholder approval. This decision, approved by the board on April 18, 2025, and shareholders on May 23, 2025, aims to enhance per-share earnings, bolster investor confidence, and safeguard company value. The company has already established a dedicated repurchase securities account in Shenzhen for this purpose.